Canaccord analyst Kingsley Crane raised the firm’s price target on BlackBerry (BB) to $4.75 from $3 and keeps a Hold rating on the shares. The firm attributes the recent stock momentum to growing investor confidence in the company’s strategic direction and execution ability following a strong Q3, which saw double-digit sequential growth in both divisions, along with a return to positive operating and cash flow.
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 – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BB: