BlackBerry Ltd. Price Target Updated By Goldman Sachs

BlackBerry Ltd. Price Target Updated By Goldman Sachs
user1462590383 / Pixabay

Canadian listed BlackBerry price target has been updated by Goldman Sachs analysts Simona Jankowski, Doug Clark and Balaji Krishnamurthy in a report dated July 7, 2014, to reflect the 12 month forward USD CAD rate of 1.07, which was earlier assumed at 1. Now, the price target moves to C$11 from C$10 earlier.

No change in rating

It must be noted that the target has been changed for the Canadian listed BB.TO while for BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) remains unchanged at US$10.

Qualivian Investment Partners July 2022 Performance Update

stocks performance 1651757664Qualivian Investment Partners performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more Dear Friends of the Fund, Please find our July 2022 performance report below for your review. Qualivian reached its four year track record in December 2021.  We are actively weighing investment proposals. Starting in November Read More

Goldman Sachs note that any merger and acquisitions, declining market share and declining services are risks to the price target they have set. The 12-month price target is based on the fundamental sum-of-the-parts valuation, which carries 70% weight, while the remaining 30% is for M&A component. Analysts have not changed the neutral rating on BlackBerry Ltd. (NASDAQ:BBRY) (TSE:BB).

BlackBerry fighting its way back

The Canadian smartphone maker was lingering near the brink of failure, but it has found its way back and is hard to be dismissed