The Globe and Mail reports in its Friday, May 22, edition that CIBC World Markets analyst Todd Coupland continues to rank BlackBerry "outperformer." The Globe's David Leeder writes in the Eye On Equities column that Mr. Coupland gave his share target a $2.50 boost to $8.50 (all figures U.S.). Analysts on average target the shares at $4.98. Mr. Coupland says in a note: "BlackBerry's message at CIBC's Technology & Innovation Conference on May 21 was notably stronger: management signaled better operating visibility and a clearer path to profitable growth across both QNX and Secure Communications. For PMs, the key debate is increasingly shifting from turnaround credibility to the pace and durability of backlog growth and conversion, with QNX execution the most important driver of upside.
In our view, that setup supports sustained momentum into F2027 and F2028, with a credible path to the high end of guidance -- and potential upside versus what still looks like a conservative framework. We believe that if BlackBerry continues to execute, the stock will increasingly be valued on improving growth quality and margin progression rather than legacy skepticism."
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