In a report released today, Steven Li from Raymond James maintained a Hold rating on BlackBerry Limited (NYSE: BB), with a price target of $11.50. The company’s shares closed on Friday at $11.38.
According to TipRanks.com, Li is ranked #743 out of 4886 analysts.
Currently, the analyst consensus on BlackBerry Limited is a Hold with an average price target of $11.13, representing a -2.2% downside. In a report issued on September 21, RBC Capital also maintained a Hold rating on the stock with a $11 price target.
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Based on BlackBerry Limited’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $210 million and net profit of $43 million. In comparison, last year the company had a net profit of $19 million.
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BlackBerry Ltd. engages in the provision of enterprise software and services which focuses on securing and managing Internet of Things (IoT) endpoints. It offers a platform comprised of communication and collaboration software and safety-certified embedded solutions.
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