Bullboard - Stock Discussion Forum BlackBerry Ltd T.BB

Alternate Symbol(s): BB

BlackBerry Limited is a Canada-based company, which provides intelligent security software and services to enterprises and governments worldwide. The Company leverages artificial intelligence (AI) and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy and specializes in the areas of endpoint management, endpoint security, encryption, and embedded... see more

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BlackBerry Ltd > BlackBerry downgraded to Sell from Hold at Canaccord Canacc

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Post by Prayfortheworld on Jun 25, 2021 6:13am

BlackBerry downgraded to Sell from Hold at Canaccord Canacc

BlackBerry downgraded to Sell from Hold at Canaccord Canaccord Genuity analyst T. Micahel Walkley downgraded BlackBerry to Sell from Hold with an unchanged price target of $10 following the company's fiscal Q1 results. Should BlackBerry reach a deal to sell its licensing business, value could be unlocked and the capital infusion could drive accelerated software and services growth, Walkley tells investors in a research note. The analyst believes the business is "turning the corner towards stronger trends" but awaits more proof of execution on the new product roadmap. He cites valuation for the downgrade with the stock well above the price target following the recent rally. BlackBerry closed Thursday down 4% to $12.68.

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Comment by Hedgetrimmer on Jun 25, 2021 8:05am

Walkley downgrades from his earlier hold recommendation. Tells me he doesn't know everything. Only reason to hold was in case BB announced the big settlement and IP sales.. Good to know he was only hoping/guessing like the rest of us and possessed about as much knowledge of the Q as we did. Now he takes the easy route. Anyways, this guy is a severed artery to retail investors and a ...more

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