Short Term Price Target on BlackBerry Limited (BBRY)

BlackBerry Limited (NASDAQ:BBRY) : Average target price received by BlackBerry Limited (NASDAQ:BBRY) is $7.5 with an expected standard deviation of $1.19. The most aggressive target on the stock is $11, whereas the most downbeat target is $6. 13 financial analysts are currently covering the stock.

BlackBerry Limited has lost 4.14% in the last five trading days and dropped 7.45% in the last 4 weeks. BlackBerry Limited has dropped 10.29% during the last 3-month period . Year-to-Date the stock performance stands at -27.69%.

BlackBerry Limited (NASDAQ:BBRY) : 17 analysts are covering BlackBerry Limited (NASDAQ:BBRY) and their average rating on the stock is 3.06, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. BlackBerry Limited (NASDAQ:BBRY) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 2 more analyst has given the stock a Sell recommendation. A total of 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

BlackBerry Limited (NASDAQ:BBRY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.69 and $6.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.71, notching a gain of 1.05% for the day. The total traded volume was 2,880,113 . The stock had closed at $6.64 on the previous day.

BlackBerry Limited (BlackBerry) is a provider of mobile communications and services. The Company is engaged primarily in the provision of the BlackBerry wireless solution, consisting of smartphones, service and software. The Companys four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging. The Companys Devices business is focused on delivering smartphone products. BlackBerrys Enterprise Services business offers enterprise products and services. The Companys BTS business consists of five units: QNX Software Systems Limited (QNX), Certicom, Paratek, the BlackBerry Internet of Things (IoT) Platform, and Intellectual Property and Patent Licensing (IPPL). The Companys Messaging business is engaged in providing BlackBerry Messenger (BBM), the Companys instant mobile to mobile private messaging service. The Company offers a portfolio of smartphone products to both the enterprise and consumer markets.

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