Baird analyst Luke Junk lowered the firm’s price target on BlackBerry to $5 from $6 and keeps a Neutral rating on the shares. The analyst said IoT registered another solid quarter, highlighted by continued strong design phase activity which foreshadows future royalty outgrowth, and management is investing/hiring. Cybersecurity investments, conversely, will be measured but incremental progress is foreseen.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on BB: