BlackBerry Limited (BBRY) Receives Price Target

BlackBerry Limited (BBRY) : Average target price received by BlackBerry Limited (BBRY) is $7.65 with an expected standard deviation of $1.36. 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 (BBRY) : 1 brokerage houses believe that BlackBerry Limited (BBRY) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on BlackBerry Limited (BBRY). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 16 Wall Street Analysts endorse the stock as a Hold with a rating of 3.


Also, Raymond James upgrades their rating on the shares of BlackBerry Limited (NASDAQ:BBRY). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. Equity Analysts at the Firm raises the price target to $10.5 per share from $8 per share. The rating by the firm was issued on August 12, 2016.

BlackBerry Limited (NASDAQ:BBRY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.59 and $7.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.61, notching a gain of 0.26% for the day. The total traded volume was 2,032,096 . The stock had closed at $7.59 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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