In a report issued on March 27, Paul Treiber from RBC Capital maintained a Hold rating on BlackBerry (BB), with a price target of $5.00. The company’s shares closed last Friday at $3.81, close to its 52-week low of $2.71.
According to TipRanks.com, Treiber is ranked #292 out of 6213 analysts.
Currently, the analyst consensus on BlackBerry is a Moderate Buy with an average price target of $6.50.
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Based on BlackBerry’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $267 million and GAAP net loss of $32 million. In comparison, last year the company earned revenue of $226 million and had a net profit of $59 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 endpoints. It offers a platform comprised of communication and collaboration software and safety-certified embedded solutions. The company was founded by Michael Lazaridis, James Laurence Balsillie, and Douglas E. Fregin on March 7, 1984 and is headquartered in Waterloo, Canada.
