BB

The Week

Blackberry (BB) fell 0.39% this week to close at $7.67, slightly ahead of the S&P 500’s 0.8% decline. Over four sessions, the stock swung between $7.47 and $8.005, for a 6.94% amplitude. Tuesday (Sep 8) opened at $7.71, touched $8.005 intraday, and closed at $7.87. Wednesday slipped to $7.75. Thursday tested the week’s low of $7.47 before closing at $7.54. Friday firmed to $7.67. The week shaped up as an early push higher, a midweek pullback, and a late stabilisation. Average daily volume of 8.83m shares ran about 36.5% below the 60-day median of 13.89m.

Key Events

Company-specific news centred on the strategic roadmap and Radar business. On Monday (Sep 7), materials showed that BlackBerry’s strategic roadmap targets 3% sales CAGR, an EBIT margin above 15.5%, and €950m in cash flow by 2030. On Thursday (Sep 10), BlackBerry updated its financial calendar with upcoming earnings dates. On Friday (Sep 11), two Radar-related stories followed: first, a report that BlackBerry Radar is advancing asset intelligence for transportation, and later the company’s showcase of its asset intelligence platform at the IANA Intermodal Expo. Together, the week highlighted the company’s continued push into software and IoT asset tracking.

Analyst Ratings

Of the 8 analysts covering the stock, 1 rates it buy, 1 rates it over, 4 rate it hold, 1 rates it under, and 1 rates it sell. The consensus is hold, with a consensus target price of $9.71429, about 26.65% above the latest close of $7.67. The target range runs from $5.20 to $13.00, a wide spread that points to meaningful disagreement on valuation. Within the systems software industry, BlackBerry ranks 23rd out of 47 covered names.

The Week Ahead

The macro calendar is fairly busy next week. On Tuesday (Sep 15), the New York Fed manufacturing index lands. Wednesday (Sep 16) brings retail sales, retail sales ex-autos, import prices, the NAHB housing market index, and EIA crude oil inventories. These will offer a read on US consumption and manufacturing. On the company side, BlackBerry reports fiscal 2027 Q2 results before the open on Sep 24, with consensus estimates at $0.025 EPS and $146m revenue. Heading into that print, the market may keep weighing the pace of software growth and profitability.

In Short

BlackBerry spent the week in a narrow range below $8, edging lower but showing relative resilience against the broader market. The 2030 strategic targets and Radar showcase provided a longer-term framing, while analyst views skew neutral and target prices remain widely dispersed. Valuation sits at a high level, with a P/E around 75.17x and P/B around 5.99x. The immediate question is whether the late-September earnings can match revenue expectations, and how next week’s retail and manufacturing data shape risk appetite.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.