The Globe and Mail reports in its Friday, April 5, edition that Raymond James analyst Steven Li, in response to Wednesday's post-market release of BlackBerry's quarterly results, trimmed his share target to $5.50 from $6.50 with a "market perform" rating. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $4.39. Mr. Li says in a note: "Cyber ARR [annual recurring revenue] finally stabilizes after consecutive q/q decline since 2Q22 but F2025 guide below. Cyber expected to decline again in F2025 (down 5 per cent year-over-year at the mid point) while IoT/QNX fares a little better (up 6 per cent y/y at mid point, but slower than previous expectations of teens+ growth)." The Globe reported on Dec. 22 and Feb. 15 that RBC Dominion Securities analyst Paul Treiber had reaffirmed his "sector perform" recommendation for BlackBerry. The shares were then going for $4.74 and $3.84.