The Globe and Mail reports in its Tuesday, Sept. 22, edition that RBC Dominion Securities analyst Paul Treiber has reaffirmed his "sector perform" call and $9 share target for BlackBerry (all figures U.S.). The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $10.03. Mr. Treiber anticipates BlackBerry will report "healthy" second quarter fiscal 2027 results, predicting revenue and earnings may surpass Street expectations due to "historical quarterly guidance conservatism." Mr. Treiber says in a note: "Actual revenue has exceeded consensus by 7 per cent and actual adj. EPS has beaten consensus by two cents on average over the last four quarters. We expect revenue up 14 per cent year-over-year to $148-million, at the high-end of guidance ($137-million to $148-million) and above consensus at $146-million. Given cost discipline, adj. EBITDA and adj. EPS may slightly exceed RBC/consensus at $28-million and four cents. ... We believe BlackBerry is likely to reiterate FY27 guidance, having already raised it last quarter. ... [Our 'sector perform' rating] reflects our view that risk-reward on the stock is balanced, given the stock's significant upward valuation rerating."
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