The Globe and Mail reports in its Friday, Jan. 10, edition that RBC Dominion Securities analyst Paul Treiber is maintaining his "sector perform" call on BlackBerry. The Globe's David Leeder writes in the Eye On Equities column that Mr. Treiber gave his share target a 75-cent boost to $4 (all figures U.S.). Analysts on average target the shares at $3.99. Mr. Treiber believes that BlackBerry's sale of its Cylance endpoint security assets will likely alter investors' perception of the company. Mr. Treiber says in a note titled QNX is the new BlackBerry: "While QNX has historically accounted for the majority of BlackBerry's valuation, the company's struggling cybersecurity unit (i.e. Cylance) limited investor interest in the stock. Following the sale of Cylance, we believe investor sentiment in BlackBerry's shares may rise, given: 1) QNX's improving fundamentals; 2) higher investor visibility to QNX; and 3) a potential divestiture of BlackBerry's Secure Communications unit." After meeting with its management at the Consumer Electronics Show in Las Vegas this week, Mr. Treiber says new production vehicles "validate" QNX's value proposition and sees developer support driving its long-term growth.
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