BlackBerry (BB) Stock Forecast, Price Target & Predictions


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BB Stock Forecast


BlackBerry stock forecast is as follows: an average price target of $3.52 (represents a -11.11% downside from BB’s last price of $3.96) and a rating consensus of 'Buy', based on 21 wall street analysts offering a 1-year stock forecast.

BB Price Target


The average price target for BlackBerry (BB) is $3.52 based on 1-year price targets from 21 Wall Street analysts in the past 3 months, with a price target range of $4.75 to $2.80. This represents a potential -11.11% downside from BB's last price of $3.96.

BB Analyst Ratings


Buy

According to 21 Wall Street analysts, BlackBerry's rating consensus is 'Buy'. The analyst rating breakdown for BB stock is 0 'Strong Buy' (0.00%), 12 'Buy' (57.14%), 7 'Hold' (33.33%), 1 'Sell' (4.76%), and 1 'Strong Sell' (4.76%).

BlackBerry Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 18, 2024Kingsley CraneCanaccord Genuity$2.80$2.588.53%-29.29%
Jun 28, 2024Steven LiRaymond James$4.75$2.4593.88%19.95%
Jun 27, 2024Luke JunkRobert W. Baird$3.00$2.2135.75%-24.24%
Jun 27, 2024Michael WalkleyCanaccord Genuity$2.70$2.508.22%-31.82%
Jun 21, 2024Paul TreiberRBC Capital$3.00$2.3527.39%-24.24%
Apr 03, 2024Todd CouplandCIBC$6.50$2.81130.91%64.14%
Dec 21, 2023Paul TreiberRBC Capital$4.00$3.5612.47%1.01%
Mar 30, 2023Paul TreiberRBC Capital$4.25$4.015.95%7.32%
Jan 02, 2023Canaccord CanaccordCanaccord Genuity$4.50$3.2638.04%13.64%
Dec 21, 2022RBC Capital$5.50$4.0137.18%38.89%
Sep 29, 2022Michael Walkley WalkleyCanaccord Genuity$5.00$4.823.84%26.26%
Jun 24, 2022TD Securities$5.00$5.71-12.47%26.26%
May 22, 2022Paul TreiberRBC Capital$6.50$5.8910.36%64.14%
Mar 28, 2022Paul TreiberRBC Capital$7.00$7.67-8.74%76.77%
Feb 26, 2022Michael WalkleyCanaccord Genuity$7.00$6.724.17%76.77%

The latest BlackBerry stock forecast, released on Oct 18, 2024 by Kingsley Crane from Canaccord Genuity, set a price target of $2.80, which represents a 8.53% increase from the stock price at the time of the forecast ($2.58), and a -29.29% decrease from BB last price ($3.96).

BlackBerry Price Target by Period


1M3M12M
# Anlaysts-16
Avg Price Target-$2.80$3.79
Last Closing Price$3.96$3.96$3.96
Upside/Downside-100.00%-29.29%-4.29%

In the current month, the average price target of BlackBerry stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to BlackBerry's last price of $3.96. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Dec 20, 2024TD SecuritiesHoldBuyUpgrade
Dec 18, 2024TD SecuritiesHoldHoldHold
Nov 21, 2024BarclaysOverweightOverweightHold
Nov 04, 2024Cowen & Co.HoldHoldHold
Oct 29, 2024Bank of America SecuritiesUnderperformBuyUpgrade
Oct 18, 2024Canaccord GenuityHoldHoldHold
Oct 14, 2024Bank of America SecuritiesBuyUnderperformInitialise
Sep 27, 2024RBC CapitalSector PerformSector PerformHold
Sep 24, 2024CitigroupBuyBuyHold
Jul 30, 2024Deutsche BankHoldHoldHold
Jul 30, 2024Deutsche BankBuyBuyHold
Jul 26, 2024CFRASellStrong SellDowngrade
Jun 28, 2024Raymond JamesMarket PerformMarket PerformHold
Jun 27, 2024CIBCNeutralOutperformUpgrade
Jun 27, 2024Canaccord GenuityHoldHoldHold
Jun 21, 2024RBC CapitalSector PerformSector PerformHold
Jun 14, 2024Deutsche BankHoldHoldHold
Jun 13, 2024CFRAHoldSellDowngrade
Jun 13, 2024Goldman SachsSellSellHold
Jun 11, 2024Deutsche BankBuyHoldInitialise
Jun 11, 2024CitigroupBuyBuyHold
May 31, 2024Deutsche BankBuyBuyHold
May 22, 2024Deutsche BankHoldHoldHold
Apr 23, 2024UBSBuyBuyHold
Apr 05, 2024Bank of America SecuritiesBuyBuyHold
Apr 03, 2024Canaccord GenuityHoldHoldHold
Apr 03, 2024TD SecuritiesHoldHoldHold
Mar 28, 2024RBC CapitalSector PerformSector PerformHold
Mar 27, 2024JefferiesBuyHoldInitialise
Jan 22, 2024CitigroupNeutralBuyUpgrade
Jan 10, 2024JefferiesHoldBuyUpgrade
Jan 08, 2024Exane BNP ParibasNeutralOutperformUpgrade
Dec 21, 2023RBC CapitalSector PerformSector PerformHold
Oct 16, 2023Societe GeneraleHoldUpgrade
Sep 08, 2023Bank of America SecuritiesBuyUpgrade
Jul 20, 2023Morgan StanleyUnderweightOverweightUpgrade
Jun 29, 2023CitigroupBuyNeutralUpgrade
Jun 22, 2023Deutsche BankBuyUpgrade
May 18, 2023OTR GlobalMixedDowngrade
May 18, 2023Roth CapitalBuyUpgrade
May 18, 2023Evercore ISIOutperformUpgrade
May 18, 2023BTIGBuyUpgrade
May 18, 2023Raymond JamesMarket PerformDowngrade
May 18, 2023Morgan StanleyUnderweightDowngrade
Mar 31, 2023JefferiesBuyHoldDowngrade
Mar 31, 2023ScotiabankPerformDowngrade
Mar 31, 2023Cowen & Co.OutperformUpgrade
Mar 31, 2023Cowen & Co.HoldUpgrade
Mar 31, 2023TD SecuritiesReduceHoldUpgrade
Mar 30, 2023RBC CapitalSector PerformSector PerformHold
Mar 30, 2023TD SecuritiesReduceReduceHold
Mar 30, 2023Canaccord GenuityHoldHoldHold
Mar 30, 2023Exane BNP ParibasNeutralUpgrade
Mar 21, 2023UBSNeutralUpgrade
Jan 12, 2023CitigroupNeutralBuyUpgrade
Dec 21, 2022RBC CapitalSector PerformSector PerformHold
Dec 06, 2022BarclaysOverweightUpgrade
Nov 07, 2022JefferiesBuyUpgrade
Sep 07, 2022Goldman SachsBuyUpgrade
Sep 06, 2022HSBCBuyBuyUpgrade
Aug 01, 2022HSBCBuyUpgrade
Jul 05, 2022CitigroupBuyUpgrade
Jul 05, 2022CitigroupNeutralUpgrade
Jul 02, 2022CFRAHoldHoldHold
Jun 24, 2022TD SecuritiesReduceReduceHold
May 22, 2022RBC CapitalSector PerformSector PerformHold
Mar 28, 2022RBC CapitalSector PerformUpgrade
Dec 22, 2021TD SecuritiesReduceReduceHold
Jun 26, 2021CIBCNeutralDowngrade

BlackBerry's last stock rating was published by TD Securities on Dec 20, 2024. The company Upgrade its BB rating from "Hold" to "Buy".

BlackBerry Financial Forecast


BlackBerry Revenue Forecast

Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19
Revenue-------------$175.00M-$373.00M-$169.00M$168.00M$168.00M--$175.00M$174.00M--$259.00M$206.00M--
Avg Forecast$159.41M$149.56M$145.86M$140.89M$145.38M$140.49M$134.22M$130.36M$135.95M$143.55M$139.83M$131.91M$149.53M$166.62M$134.69M$156.35M$153.96M$687.93M$160.64M$158.58M$177.82M$172.80M$160.35M$173.02M$237.75M$223.10M$245.64M$210.60M$297.09M$275.35M
High Forecast$175.36M$164.53M$160.46M$154.99M$159.93M$154.56M$147.65M$143.41M$149.56M$151.22M$153.82M$145.12M$164.49M$183.30M$148.17M$172.00M$169.37M$825.51M$163.43M$161.33M$180.91M$175.80M$163.13M$176.03M$241.89M$226.97M$249.91M$214.26M$302.25M$280.14M
Low Forecast$152.85M$143.41M$139.87M$135.10M$139.40M$134.72M$128.70M$125.00M$130.36M$128.85M$134.08M$126.49M$143.38M$159.77M$129.15M$149.92M$147.63M$550.34M$158.80M$156.76M$175.78M$170.82M$158.51M$171.04M$235.04M$220.55M$242.83M$208.19M$293.69M$272.21M
# Analysts34443333551112191018111111146453
Surprise %-------------1.05%-2.39%-0.25%1.05%1.06%--1.09%1.01%--1.05%0.98%--

BlackBerry's average Quarter revenue forecast for Mar 24 based on 1 analysts is $149.53M, with a low forecast of $143.38M, and a high forecast of $164.49M. BB's average Quarter revenue forecast represents a -14.56% decrease compared to the company's last Quarter revenue of $175.00M (Nov 23).

BlackBerry EBITDA Forecast

Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19
# Analysts34443333551112191018111111146453
EBITDA-------------$7.00M-$24.00M-$-32.00M$-31.00M$137.00M--$-25.00M$-11.00M--$93.00M$594.00M--
Avg Forecast$-3.27M$-3.07M$-2.99M$-2.89M$-2.98M$-2.88M$-2.76M$-2.68M$-2.79M$-2.95M$-2.87M$-2.71M$-3.07M$-3.42M$-2.77M$-3.21M$-3.16M$-249.29M$52.07M$51.40M$57.64M$56.01M$51.98M$56.08M$-264.00M$72.32M$79.62M$68.27M$9.23M$89.26M
High Forecast$-3.14M$-2.94M$-2.87M$-2.77M$-2.86M$-2.77M$-2.64M$-2.57M$-2.68M$-2.65M$-2.75M$-2.60M$-2.94M$-3.28M$-2.65M$-3.08M$-3.03M$-199.44M$52.98M$52.30M$58.64M$56.99M$52.88M$57.06M$-211.20M$73.57M$81.01M$69.45M$11.07M$90.81M
Low Forecast$-3.60M$-3.38M$-3.29M$-3.18M$-3.28M$-3.17M$-3.03M$-2.94M$-3.07M$-3.10M$-3.16M$-2.98M$-3.38M$-3.76M$-3.04M$-3.53M$-3.48M$-299.15M$51.48M$50.81M$56.98M$55.37M$51.38M$55.44M$-316.80M$71.49M$78.71M$67.48M$7.38M$88.24M
Surprise %--------------2.05%--7.48%-0.13%-0.60%2.67%---0.48%-0.20%--1.17%8.70%--

1 analysts predict BB's average Quarter EBITDA for Mar 24 to be $-3.07M, with a high of $-2.94M and a low of $-3.38M. This is -143.85% lower than BlackBerry's previous annual EBITDA (Nov 23) of $7.00M.

BlackBerry Net Income Forecast

Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19
# Analysts34443333551112191018111111146453
Net Income-------------$-21.00M-$-11.00M-$2.00M$-54.00M$-181.00M--$-144.00M$-62.00M--$-23.00M$-636.00M--
Avg Forecast$8.35M$2.54M$-5.04M$-5.04M$8.54M$3.89M$-4.20M$-5.38M$5.17M$-725.14K$-16.60M$-28.56M$254.92M$-21.18M$-38.49M$-35.94M$272.65M$-410.23M$-43.64M$-37.04M$291.60M$-43.38M$-45.06M$-36.01M$-315.00M$-8.97M$11.60M$-10.22M$-37.82M$8.81M
High Forecast$9.43M$2.87M$-4.77M$-4.77M$9.65M$4.39M$-3.98M$-5.10M$5.85M$-686.39K$-15.71M$-27.04M$305.91M$-7.06M$-36.44M$-34.02M$327.18M$-328.19M$-42.99M$-36.49M$349.92M$-42.74M$-44.39M$-35.47M$-252.00M$-8.84M$11.86M$-10.06M$-30.26M$9.01M
Low Forecast$7.90M$2.41M$-5.69M$-5.69M$8.08M$3.68M$-4.75M$-6.08M$4.90M$-819.49K$-18.76M$-32.28M$203.94M$-28.24M$-43.50M$-40.62M$218.12M$-492.28M$-44.62M$-37.87M$233.28M$-44.36M$-46.08M$-36.82M$-378.00M$-9.17M$11.42M$-10.45M$-45.39M$8.68M
Surprise %-------------0.99%-0.31%--0.00%1.24%4.89%--3.20%1.72%---1.98%62.26%--

BlackBerry's average Quarter net income forecast for Mar 23 is $272.65M, with a range of $218.12M to $327.18M. BB's average Quarter net income forecast represents a 13532.30% increase compared to the company's last Quarter net income of $2.00M (Nov 22).

BlackBerry SG&A Forecast

Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19
# Analysts34443333551112191018111111146453
SG&A-------------$85.00M-$99.00M-$89.00M$86.00M$82.00M--$83.00M$73.00M--$79.00M$90.00M--
Avg Forecast$70.26M$65.92M$64.29M$62.10M$64.08M$61.93M$59.16M$57.46M$59.92M$63.27M$61.63M$58.14M$113.30M$73.44M$59.37M$68.91M$121.18M$261.92M$69.41M$68.52M$129.60M$74.66M$69.28M$74.76M$92.00M$96.40M$106.14M$91.00M$99.64M$118.98M
High Forecast$77.29M$72.52M$70.73M$68.32M$70.49M$68.12M$65.08M$63.21M$65.92M$66.65M$67.80M$63.96M$135.96M$80.79M$65.31M$75.81M$145.41M$314.30M$70.62M$69.71M$155.52M$75.96M$70.49M$76.06M$110.40M$98.08M$107.99M$92.58M$119.56M$121.05M
Low Forecast$67.37M$63.21M$61.65M$59.55M$61.44M$59.38M$56.73M$55.10M$57.46M$56.79M$59.10M$55.75M$90.64M$70.42M$56.93M$66.08M$96.94M$209.53M$68.62M$67.74M$103.68M$73.81M$68.49M$73.91M$73.60M$95.30M$104.93M$89.96M$79.71M$117.62M
Surprise %-------------1.16%-1.44%-0.34%1.24%1.20%--1.20%0.98%--0.74%0.99%--

BlackBerry's average Quarter SG&A projection for Mar 24 is $113.30M, based on 1 Wall Street analysts, with a range of $90.64M to $135.96M. The forecast indicates a 33.29% rise compared to BB last annual SG&A of $85.00M (Nov 23).

BlackBerry EPS Forecast

Mar 27Nov 26Aug 26May 26Mar 26Nov 25Aug 25May 25Mar 25Nov 24Aug 24May 24Mar 24Nov 23Aug 23May 23Mar 23Nov 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19
# Analysts34443333551112191018111111146453
EPS-------------$-0.04-$-0.02--$-0.09$-0.31--$-0.25$-0.11--$-0.04$-1.14--
Avg Forecast$0.01-$-0.01$-0.01$0.01$0.01$-0.01$-0.01$0.01$-0.00$-0.03$-0.05$-0.04$-0.04$-0.07$-0.06$-0.08$1.95$-0.07$-0.06$-0.05$-0.07$-0.08$-0.06$0.03$-0.02$0.02$-0.02$0.04$0.01
High Forecast$0.02-$-0.01$-0.01$0.02$0.01$-0.01$-0.01$0.01$-0.00$-0.03$-0.05$-0.04$-0.01$-0.06$-0.06$-0.07$2.21$-0.07$-0.06$-0.05$-0.07$-0.08$-0.06$0.03$-0.01$0.02$-0.02$0.04$0.02
Low Forecast$0.01-$-0.01$-0.01$0.01$0.01$-0.01$-0.01$0.01$-0.00$-0.03$-0.05$-0.04$-0.05$-0.07$-0.07$-0.09$1.85$-0.08$-0.06$-0.05$-0.08$-0.08$-0.06$0.03$-0.02$0.02$-0.02$0.04$0.01
Surprise %-------------1.00%-0.31%-0.00%1.27%4.94%--3.28%1.80%---2.10%65.90%--

According to 10 Wall Street analysts, BlackBerry's projected average Quarter EPS for Mar 23 is $-0.08, with a low estimate of $-0.09 and a high estimate of $-0.07. This represents a -2306.89% decrease compared to BB previous annual EPS of - (Nov 22).

BlackBerry Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
GCTGigaCloud$18.05$50.00177.01%Buy
ALARAlarum$10.90$28.00156.88%Buy
PANWPalo Alto Networks$189.51$400.29111.22%Buy
ADBEAdobe$447.94$614.2537.13%Buy
NTNXNutanix$64.45$78.7522.19%Buy
MSFTMicrosoft$439.33$495.8712.87%Buy
OKTAOkta$83.19$93.3812.25%Buy
ZSZscaler$187.26$209.9112.10%Buy
PATHUiPath$13.09$14.5010.77%Hold
SQBlock$91.08$92.331.37%Buy
TOSTToast$38.22$37.40-2.15%Hold
DLODLocal$11.61$10.33-11.02%Hold
BBBlackBerry$3.96$3.52-11.11%Buy
AFRMAffirm$65.90$58.50-11.23%Buy
NETCloudflare$112.58$92.33-17.99%Hold
ARQQArqit Quantum$29.13$14.00-51.94%Buy

BB Forecast FAQ


Is BlackBerry a good buy?

Yes, according to 21 Wall Street analysts, BlackBerry (BB) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 57.14% of BB's total ratings.

What is BB's price target?

BlackBerry (BB) average price target is $3.52 with a range of $2.8 to $4.75, implying a -11.11% from its last price of $3.96. The data is based on 21 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will BlackBerry stock go up soon?

According to Wall Street analysts' prediction for BB stock, the company can go down by -11.11% (from the last price of $3.96 to the average price target of $3.52), up by 19.95% based on the highest stock price target, and down by -29.29% based on the lowest stock price target.

Can BlackBerry stock reach $6?

BB's average twelve months analyst stock price target of $3.52 does not support the claim that BlackBerry can reach $6 in the near future.

Did the BB's actual financial results beat the analysts' financial forecasts?

In terms of the last quarterly report (Nov 2023), BlackBerry's revenue was $175M, beating the average analysts' forecast of $166.62M by 5.03%. The company's EBITDA was $7M, missing the average prediction of $-3.421M by -304.63%. BlackBerry's net income was $-21M, missing the average estimation of $-21.179M by -0.84%. The company's SG&A was $85M, beating the average forecast of $73.44M by 15.74%. Lastly, the company's EPS was $-0.0359, beating the average prediction of $-0.0359 by 0.10%