06:03:42 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



BlackBerry Ltd
Symbol BB
Shares Issued 527,429,331
Close 2014-09-29 C$ 11.42
Market Cap C$ 6,023,242,960
Recent Sedar Documents

Globe says Li hikes BlackBerry target to $10.50 (U.S.)

2014-09-30 05:46 ET - In the News

The Globe and Mail reports in its Tuesday, Sept. 30, edition that Raymond James analyst Steven Li sees near-term opportunity and long-term uncertainty for BlackBerry ($11.42 (Canadian)). The Globe's Darcy Keith and Jody White write in the Eye On Equities column that Mr. Li says: "Near-term, we expect a successful Passport launch could boost profitability, which would make it possible for [BlackBerry] to approach its cash flow break-even target next quarter (one quarter early) and potentially sets [BlackBerry] shares up for a trade. ... Longer term, the ongoing services decline (revenues from charging fees to carriers for its data service) and [BlackBerry's] ability to offset with [mobile device management] revenues (non-BB devices) keeps us on the sidelines." Mr. Li maintained his "market perform" rating and raised his target price to $10.50 (U.S.) from $10 (U.S.). The analyst consensus price target is $8.65 (U.S.), according to Thomson Reuters. CIBC World Markets analyst Todd Coupland recommended avoiding BlackBerry in the Eye column on Sept. 26. He targeted the shares at $6.25 (U.S.). Mr. Coupland said BlackBerry's turnaround had a long way to go. The shares could then be had for $10.88 (Canadian).

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