08:12:01 EDT Fri 04 Jul 2025
Enter Symbol
or Name
USA
CA



BlackBerry Ltd
Symbol BB
Shares Issued 596,223,307
Close 2025-02-24 C$ 7.65
Market Cap C$ 4,561,108,299
Recent Sedar Documents

Globe says BlackBerry still an "outperformer" at CIBC

2025-02-25 08:04 ET - In the News

The Globe and Mail reports in its Tuesday, Feb. 25, edition that CIBC Capital Markets analyst Todd Coupland continues to rate BlackBerry "outperformer." The Globe's David Leeder writes in the Eye On Equities column that Mr. Coupland boosted his share target by a buck to $7 (all figures U.S.). Analysts on average target the shares at $4.24. Mr. Coupland says in a note: "Following a non-deal investor roadshow (NDRS) CIBC hosted for Blackberry's CEO John Giamatteo and CFO Tim Foote in Toronto. Our revised target is based on the F2027 outlook Blackberry provided at its Oct. 16, 2024 Investor Day, and higher valuation multiples. We previously included the F2027 outlook and excluded Cylance, but we raise our multiples to include eight times 2027E EV/sales (prior seven times) and 40 times EV/EBITDA (prior 30 times) for QNX -- both of which are comparable to peers. During this NDRS, Blackberry confirmed the favourable trends reported in FQ3. Those, together with C-suite decisions throughout C2024, a conservative guiding philosophy, and adjustments to the Board of Directors, support our positive thesis that guidance is achievable. We believe Blackberry shares are attractive and should be purchased."

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