BlackBerry analyst targets diverge on QNX strength versus Secure Communications caution
FROM THE WIRE · FINANCE.YAHOO.COM
BlackBerry's analyst price targets have shifted recently, with one firm moving its fair value estimate higher from CA$11.96 to CA$12.71 and another trimming its target from US$10.30 to US$9.50. The split reflects bullish conviction around QNX and raised long term revenue…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralConflicting price target revisions reflect divergent views on BlackBerry's valuation and growth drivers.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01One analyst raised price target from CA$11.96 to CA$12.71, while another trimmed it from US$10.30 to US$9.50.
- 02Divergence reflects bullish conviction on QNX with record Q2 revenue of $80.3M and 87% gross margin.
- 03Caution concerns Secure Communications segment and how much potential is already priced into the stock.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
BlackBerry Limited8.91 USDMarket closedtoday +3.24%Neutral BlackBerry Limited12.71 CADMarket closedtoday +3.59%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets