BlackBerry (BB) Stock Forecast, Price Target & Predictions
BB Stock Forecast
BlackBerry stock forecast is as follows: an average price target of $4.18 (represents a 85.78% upside from BB’s last price of $2.25) 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 $4.18 based on 1-year price targets from 21 Wall Street analysts in the past 3 months, with a price target range of $6.50 to $2.80. This represents a potential 85.78% upside from BB's last price of $2.25.
BB Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 18, 2024 | Kingsley Crane | Canaccord Genuity | $2.80 | $2.58 | 8.53% | 24.44% |
| Jun 28, 2024 | Steven Li | Raymond James | $4.75 | $2.45 | 93.88% | 111.11% |
| Jun 27, 2024 | Luke Junk | Robert W. Baird | $3.00 | $2.21 | 35.75% | 33.33% |
| Jun 27, 2024 | Michael Walkley | Canaccord Genuity | $2.70 | $2.50 | 8.22% | 20.00% |
| Jun 21, 2024 | Paul Treiber | RBC Capital | $3.00 | $2.35 | 27.39% | 33.33% |
| Apr 03, 2024 | Todd Coupland | CIBC | $6.50 | $2.81 | 130.91% | 188.89% |
| Dec 21, 2023 | Paul Treiber | RBC Capital | $4.00 | $3.56 | 12.47% | 77.78% |
| Mar 30, 2023 | Paul Treiber | RBC Capital | $4.25 | $4.01 | 5.95% | 88.89% |
| Jan 02, 2023 | Canaccord Canaccord | Canaccord Genuity | $4.50 | $3.26 | 38.04% | 100.00% |
| Dec 21, 2022 | - | RBC Capital | $5.50 | $4.01 | 37.18% | 144.44% |
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 24.44% increase from BB last price ($2.25).
BlackBerry Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 7 |
| Avg Price Target | $2.80 | $2.80 | $3.82 |
| Last Closing Price | $2.25 | $2.25 | $2.25 |
| Upside/Downside | 24.44% | 24.44% | 69.78% |
In the current month, the average price target of BlackBerry stock is $2.80, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 24.44% increase as opposed to BlackBerry's last price of $2.25. This month's average price target is down 0.00% compared to last quarter, and down -26.70% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 29, 2024 | Bank of America Securities | Underperform | Buy | Upgrade |
| Oct 18, 2024 | Canaccord Genuity | Hold | Hold | Hold |
| Oct 14, 2024 | Bank of America Securities | Buy | Underperform | Initialise |
| Sep 27, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Sep 24, 2024 | Citigroup | Buy | Buy | Hold |
| Jul 30, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Jul 30, 2024 | Deutsche Bank | Buy | Buy | Hold |
| Jul 26, 2024 | CFRA | Sell | Strong Sell | Downgrade |
| Jun 28, 2024 | Raymond James | Market Perform | Market Perform | Hold |
| Jun 27, 2024 | CIBC | Neutral | Outperform | Upgrade |
BlackBerry's last stock rating was published by Bank of America Securities on Oct 29, 2024. The company Upgrade its BB rating from "Underperform" to "Buy".
BlackBerry Financial Forecast
BlackBerry Revenue Forecast
| Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $373.00M | - | - | $168.00M | $168.00M | - | - | $175.00M | $174.00M | - | - | $259.00M | $206.00M | - | - |
| Avg Forecast | $174.36M | $163.80M | $159.57M | $154.04M | $165.27M | $154.43M | $151.17M | $147.36M | $158.15M | $147.11M | $139.83M | $131.91M | $149.53M | $166.62M | $134.69M | $156.35M | $153.96M | $167.29M | $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 | $177.39M | $166.65M | $162.35M | $156.71M | $168.14M | $157.11M | $153.80M | $149.92M | $160.29M | $150.27M | $142.26M | $134.21M | $152.12M | $169.52M | $137.03M | $159.07M | $156.63M | $170.20M | $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 | $172.37M | $161.93M | $157.75M | $152.28M | $163.38M | $152.66M | $149.44M | $145.67M | $156.32M | $145.44M | $138.23M | $130.41M | $147.82M | $164.72M | $133.15M | $154.56M | $152.20M | $165.37M | $158.80M | $156.76M | $175.78M | $170.82M | $158.51M | $171.04M | $235.04M | $220.55M | $242.83M | $208.19M | $293.69M | $272.21M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 6 | 4 | 5 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.39% | - | - | 1.05% | 1.06% | - | - | 1.09% | 1.01% | - | - | 1.05% | 0.98% | - | - |
BlackBerry's average Quarter revenue forecast for Aug 23 based on 1 analysts is $134.69M, with a low forecast of $133.15M, and a high forecast of $137.03M. BB's average Quarter revenue forecast represents a -63.89% decrease compared to the company's last Quarter revenue of $373.00M (May 23).
BlackBerry EBITDA Forecast
| Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 6 | 4 | 5 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $24.00M | - | - | $-31.00M | $137.00M | - | - | $-25.00M | $-11.00M | - | - | $93.00M | $594.00M | - | - |
| Avg Forecast | $56.52M | $53.10M | $51.72M | $49.93M | $53.57M | $50.06M | $49.00M | $47.77M | $51.26M | $47.68M | $45.32M | $42.76M | $48.47M | $54.01M | $43.66M | $50.68M | $49.91M | $-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 | $57.50M | $54.02M | $52.62M | $50.80M | $54.50M | $50.93M | $49.85M | $48.60M | $51.96M | $48.71M | $46.11M | $43.50M | $49.31M | $54.95M | $44.42M | $51.56M | $50.77M | $-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 | $55.87M | $52.49M | $51.13M | $49.36M | $52.96M | $49.49M | $48.44M | $47.22M | $50.67M | $47.14M | $44.81M | $42.27M | $47.91M | $53.39M | $43.16M | $50.10M | $49.33M | $-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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.47% | - | - | -0.60% | 2.67% | - | - | -0.48% | -0.20% | - | - | 1.17% | 8.70% | - | - |
1 analysts predict BB's average Quarter EBITDA for Aug 23 to be $43.66M, with a high of $44.42M and a low of $43.16M. This is 81.91% upper than BlackBerry's previous annual EBITDA (May 23) of $24.00M.
BlackBerry Net Income Forecast
| Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 6 | 4 | 5 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-11.00M | - | - | $-54.00M | $-181.00M | - | - | $-144.00M | $-62.00M | - | - | $-23.00M | $-636.00M | - | - |
| Avg Forecast | $3.98M | $-1.85M | $-9.58M | $-13.48M | $62.28K | $-5.77M | $-11.57M | $-13.03M | $2.95M | $-9.15M | $-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 | $4.07M | $-1.82M | $-9.44M | $-13.28M | $63.69K | $-5.68M | $-11.40M | $-12.84M | $3.02M | $-9.01M | $-16.35M | $-28.14M | $305.91M | $-7.06M | $-37.92M | $-35.41M | $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 | $3.92M | $-1.89M | $-9.80M | $-13.78M | $61.35K | $-5.90M | $-11.83M | $-13.33M | $2.90M | $-9.35M | $-16.97M | $-29.21M | $203.94M | $-28.24M | $-39.36M | $-36.76M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.31% | - | - | 1.24% | 4.89% | - | - | 3.20% | 1.72% | - | - | -1.98% | 62.26% | - | - |
BlackBerry's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. BB's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
BlackBerry SG&A Forecast
| Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 6 | 4 | 5 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $99.00M | - | - | $86.00M | $82.00M | - | - | $83.00M | $73.00M | - | - | $79.00M | $90.00M | - | - |
| Avg Forecast | $75.34M | $70.78M | $68.95M | $66.56M | $71.41M | $66.73M | $65.32M | $63.67M | $68.33M | $63.56M | $60.42M | $57.00M | $113.30M | $72.00M | $58.20M | $67.56M | $121.18M | $72.28M | $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 | $76.65M | $72.01M | $70.15M | $67.72M | $72.65M | $67.89M | $66.46M | $64.78M | $69.26M | $64.93M | $61.47M | $57.99M | $135.96M | $73.25M | $59.21M | $68.73M | $145.41M | $73.54M | $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 | $74.48M | $69.97M | $68.16M | $65.80M | $70.60M | $65.97M | $64.57M | $62.94M | $67.55M | $62.84M | $59.73M | $56.35M | $90.64M | $71.17M | $57.53M | $66.79M | $96.94M | $71.46M | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.47% | - | - | 1.24% | 1.20% | - | - | 1.20% | 0.98% | - | - | 0.74% | 0.99% | - | - |
BlackBerry's average Quarter SG&A projection for Aug 23 is $58.20M, based on 1 Wall Street analysts, with a range of $57.53M to $59.21M. The forecast indicates a -41.21% fall compared to BB last annual SG&A of $99.00M (May 23).
BlackBerry EPS Forecast
| Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 6 | 4 | 5 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.02 | - | - | $-0.09 | $-0.31 | - | - | $-0.25 | $-0.11 | - | - | $-0.04 | $-1.14 | - | - |
| Avg Forecast | $0.01 | $-0.00 | $-0.02 | $-0.02 | - | $-0.01 | $-0.02 | $-0.02 | - | $-0.02 | $-0.03 | $-0.05 | $-0.04 | $-0.04 | $-0.07 | $-0.06 | $-0.08 | $-0.08 | $-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 | $0.01 | $-0.00 | $-0.02 | $-0.02 | - | $-0.01 | $-0.02 | $-0.02 | $0.01 | $-0.02 | $-0.03 | $-0.05 | $-0.04 | $-0.01 | $-0.06 | $-0.06 | $-0.08 | $-0.08 | $-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 | $-0.00 | $-0.02 | $-0.02 | - | $-0.01 | $-0.02 | $-0.02 | - | $-0.02 | $-0.03 | $-0.05 | $-0.04 | $-0.05 | $-0.07 | $-0.06 | $-0.08 | $-0.08 | $-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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.31% | - | - | 1.27% | 4.94% | - | - | 3.28% | 1.80% | - | - | -2.10% | 65.90% | - | - |
According to undefined Wall Street analysts, BlackBerry's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to BB previous annual EPS of $NaN (undefined).
BlackBerry Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ARQQ | Arqit Quantum | $5.86 | $14.00 | 138.91% | Buy |
| GCT | GigaCloud | $22.69 | $50.00 | 120.36% | Buy |
| PATH | UiPath | $12.32 | $25.43 | 106.41% | Hold |
| ALAR | Alarum | $13.92 | $28.00 | 101.15% | Buy |
| BB | BlackBerry | $2.25 | $4.18 | 85.78% | Buy |
| SQ | Block | $72.69 | $129.48 | 78.13% | Buy |
| OKTA | Okta | $73.24 | $116.97 | 59.71% | Hold |
| DLO | DLocal | $8.23 | $11.20 | 36.09% | Hold |
| ZS | Zscaler | $184.90 | $232.54 | 25.77% | Buy |
| ADBE | Adobe | $481.35 | $592.03 | 22.99% | Buy |
| NET | Cloudflare | $86.49 | $95.00 | 9.84% | Hold |
| MSFT | Microsoft | $408.46 | $442.47 | 8.33% | Buy |
| AFRM | Affirm | $43.69 | $46.29 | 5.95% | Buy |
| NTNX | Nutanix | $62.51 | $63.23 | 1.15% | Buy |
| TOST | Toast | $30.32 | $27.63 | -8.87% | Hold |
| PANW | Palo Alto Networks | $361.12 | $315.68 | -12.58% | 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 $4.18 with a range of $2.8 to $6.5, implying a 85.78% from its last price of $2.25. 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 up by 85.78% (from the last price of $2.25 to the average price target of $4.18), up by 188.89% based on the highest stock price target, and up by 24.44% based on the lowest stock price target.
Can BlackBerry stock reach $3?
BB's average twelve months analyst stock price target of $4.18 supports the claim that BlackBerry can reach $3 in the near future.
What is BlackBerry's current price target trend?
1 Wall Street analyst forecast a $2.8 price target for BlackBerry (BB) this month, up 24.44% from its last price of $2.25. Compared to the last 3 and 12 months, the average price target increased by 24.44% and increased by 69.78%, respectively.
Did the BB's actual financial results beat the analysts' financial forecasts?
In terms of the last quarterly report (May 2023), BlackBerry's revenue was $373M, beating the average analysts' forecast of $156.35M by 138.57%. The company's EBITDA was $24M, missing the average prediction of $50.68M by -52.64%. BlackBerry's net income was $-11M, missing the average estimation of $-35.945M by -69.40%. The company's SG&A was $99M, beating the average forecast of $67.56M by 46.54%. Lastly, the company's EPS was $-0.0189, missing the average prediction of $-0.0609 by -68.95%