BlackBerry Price Target Lowered to US$3.75 at RBC

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BlackBerry Price Target Lowered to US$3.75 at RBC

, MT Newswires - 6:58 AM ET 4/3/2025 default

06:58 AM EDT, 04/03/2025 (MT Newswires) -- RBC Capital Markets lowered its price target on BlackBerry Ltd. ( BB ) (BB.TO, BB) to US$3.75 from US$4.

Analyst Paul Treiber maintained a Sector Perform rating on the Canadian software company.

"Even though Q4 exceeded consensus, FY26 guidance fell short of expectations," Treiber said in a note to clients.

"Tariff uncertainties may delay new programs at auto OEMs, weighing on QNX revenue growth, while government elections/changes are a potential headwind to Secure Comms growth," the analyst said.

Treiber said he is maintaining a Sector Perform rating on BlackBerry "as we see valuation and estimates re-calibrating to BlackBerry's post-Cylance growth and profitability profile."

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