BlackBerry Ltd Garnering Increasing Interest From Analysts

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BlackBerry Ltd Garnering Increasing Interest From Analysts
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BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) has been getting rising interests nowadays; sadly, it’s not from customers, but from the analysts. Presently, fourteen analysts have a Sell rating on BlackBerry, nineteen have a Hold rating while only one analyst has a Buy rating. The Canadian firm currently has a consensus rating of Hold and an average target price of C$7.68.

BlackBerry price target raised

Analysts at Scotiabank have reiterated Sector perform rating on BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) in a note to investors on Monday. They now have a price target of C$9.15 compared to C$8.40 previously.

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Analysts at Canaccord Genuity raised their price target on BlackBerry from C$6.00 to C$8.00, in a note issued on Monday. They presently have a Hold rating on the stock.

UBS AG analysts have increased the price target on BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) from C$8.00 to C$8.50, in a research note on Monday. They presently have a Neutral rating on the stock.

In a research note on Monday, Canaccord Genuity analysts increased the price target on the Canadian firm from C$6.00 to C$8.00, and have a Hold rating on the stock.

In a research note on Monday, analysts at Robert W. Baird raised the price target on BlackBerry from C$7.00 to C$8.00, and have a Neutral rating on the stock.

In a research note on March 25th, analysts at TD Securities maintained their Hold rating on the Canadian firm. In a research note on March 25th, RBC Capital analysts maintained their Sector Perform rating on BlackBerry.

Analysts that downgraded BlackBerry

However, analysts at Credit Suisse downgraded the smartphone maker to an Underperform rating in a report issued on Monday.

Evercore Partners downgraded BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) from an Equal Weight rating to an Underweight rating, and have lowered the price target from C$7.00 to C$6.00 in a research note on Monday.

Analysts at CSFB lowered the rating on BlackBerry shares from Neutral to Underperform in a note issued on Monday. Presently, CSFB has a price target of C$6.00 on the stock compared to C$7.00 previously.

Goldman Sachs analysts, in a research note on Monday, lowered the price target on BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) from C$9.50 to C$8.80 with a Neutral rating.

In a note March 27th, Societe Generale analysts downgraded BlackBerry to a Sell rating.

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