TD Securities last night downgraded BlackBerry (BB) to Hold from Buy with a price target of $5, up from $4, after resuming coverage of the name. The firm likes the “new” BlackBerry’s growth profile and expanding margins, but sees the shares as fairly valued following the 61% rally since December 2024. In addition, while the macro backdrop has improved, it remains somewhat volatile, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BB:
- BlackBerry downgraded to Hold from Buy at TD Securities
- BlackBerry price target raised to $5.50 from $5 at Baird
- BlackBerry price target raised to $4.50 from $4 at RBC Capital
- BlackBerry’s Mixed Outlook: Strong QNX Growth Amid Cautious Future Performance
- BlackBerry Reports Strong Q2 Fiscal 2026 Results