Overview
BlackBerry Limited, based in Canada, operates primarily in the technology sector, specializing in enterprise software and the Internet of Things (IoT). Historically known for its smartphones, the company has successfully pivoted to focus on software solutions including cybersecurity, critical event management, and connected vehicle systems. BlackBerry's prominent projects include the development of QNX, a secure and resilient operating system used in many automotive and industrial applications, and Cylance, an artificial intelligence-based cybersecurity product. The company's strategic transformation from hardware to software and services aims to leverage its legacy in security and extend its offerings to a broader range of industrial and corporate clients. This adaptation showcases BlackBerry's commitment to innovation and security in a digitally dependent world.
Basic Stats
The share price of BlackBerry Limited as of September 5, 2025 is $3.88 / share. This is an increase of 1.17% from the prior week. The market cap (or net worth) of BlackBerry Limited as of September 5, 2025 is $2,303.80 MM.
The Factor Analysis chart (below right) shows a view of BlackBerry Limited from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 2,303.80 MM |
| EV | 2,223.40 MM |
| Shares Out. | 594.53 MM |
| Earnings Date | |
| EPS (TTM) | -0.06 |
| Dividend Yield | |
| Ex-Dividend Date | |
| Borrow Rate | 0.40 |
| Short Shares Avail. | 2.40 MM |
| Short Interest | 37.28 MM |
| Short Float | 6.28 % |
| Days to Cover | 7.30 days |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | 68.48 % |
| Volatility (1 yr) | 0.61 |
| Beta | 1.77 |
| Sharpe Ratio (1 yr) | 1.06 |
| Sortino Ratio (1 yr) | 2.26 |
| PE Ratio | -64.53 |
| Price/Book | 3.18 |
| Price/TBV | 11.29 |
| Book/Market | 0.31 |
| EBIT/EV | 0.01 |
| EBIT(3yr avg)/EV | -0.09 |
| ROA | -0.03 |
| ROE | -0.05 |
| ROIC | -0.04 |
| CROIC | 0.14 |
| OCROIC | 0.01 |
| Implied Volatility | 63.54 % |
| Put/Call OI Ratio | 0.23 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for BlackBerry Limited is $3.23. The forecasts range from a low of $2.92 to a high of $3.60. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for BlackBerry Limited. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2023-12-21 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2023-12-21 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-10-02 | ARC INDEPENDENT RESEARCH | Sell | Sell | Maintains |
| 2023-07-12 | CIBC CAPITAL MARKETS | Underperform | Neutral | Upgrade |
| 2023-07-11 | CIBC CAPITAL MARKETS | Underperform | Neutral | Upgrade |
| 2023-07-05 | ARC INDEPENDENT RESEARCH | Sell | Sell | Maintains |
| 2023-07-04 | ARC INDEPENDENT RESEARCH | Sell | Sell | Maintains |
| 2023-06-30 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-06-29 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-05-18 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-05-17 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-04-03 | CIBC CAPITAL MARKETS | Underperform | Underperform | Maintains |
| 2023-04-02 | CIBC CAPITAL MARKETS | Underperform | Underperform | Maintains |
| 2022-12-28 | ARC INDEPENDENT RESEARCH | Hold | Sell | Downgrade |
| 2022-12-28 | ARC INDEPENDENT RESEARCH | Sell | Sell | Maintains |
| 2022-12-27 | ARC INDEPENDENT RESEARCH | Sell | Sell | Maintains |
| 2022-12-15 | STA Research | Buy | Maintains | |
| 2022-10-21 | STA Research | Buy | Reiterate | |
| 2022-10-13 | STA Research | Buy | Maintains | |
| 2022-09-28 | RBC Royalbank | Sector Perform | Initiate | |
| 2022-09-28 | STA Research | Buy | Maintains | |
| 2022-08-12 | Robert W Baird | Neutral | Initiate | |
| 2022-06-24 | Morningstar | Buy | Initiate | |
| 2022-06-21 | RBC Royalbank | Hold | Reiterate | |
| 2022-05-20 | Morningstar | Neutral | Maintains | |
| 2022-04-12 | STA Research | Buy | Maintains | |
| 2022-04-12 | Morningstar | Neutral | Maintains | |
| 2022-04-01 | RBC Royalbank | Hold | Reiterate | |
| 2022-04-01 | STA Research | Buy | Maintains | |
| 2022-03-02 | STA Research | Buy | Maintains | |
| 2022-02-01 | RBC Royalbank | Sell | Initiate | |
| 2022-02-01 | Morningstar | Neutral | Maintains | |
| 2022-01-07 | Scotiabank Capital | Underperform | Maintains | |
| 2021-12-22 | Raymond James Financial | Market Perform | Initiate | |
| 2021-12-22 | RBC Bank | Underperform | Maintains | |
| 2021-12-22 | Morningstar | Sell | Initiate | |
| 2021-12-17 | RBC Capital | Underperform | Initiate | |
| 2021-10-28 | RBC Capital | Underperform | Maintains | |
| 2021-09-23 | STA Research | Buy | Initiate | |
| 2021-09-23 | RBC Capital | Underperform | Initiate | |
| 2021-09-23 | Raymond James Financial | Market Perform | Initiate | |
| 2021-09-18 | RBC Capital | Sell | Reiterate | |
| 2021-09-17 | RBC Capital | Underperform | Maintains | |
| 2021-08-18 | Canaccord Genuity | Sell | Hold | Upgrade |
| 2021-06-25 | Raymond James Financial | Market Perform | Initiate | |
| 2021-06-25 | RBC Capital | Underperform | Initiate | |
| 2021-06-18 | TD SECURITIES | Hold | Hold | Maintains |
| 2021-06-17 | TD SECURITIES | Hold | Hold | Maintains |
| 2021-04-29 | RBC Capital | Underperform | Reiterate | |
| 2021-03-31 | CIBC World Markets | Neutral | Maintains | |
| 2021-03-31 | RBC Capital | Underperform | Maintains | |
| 2020-12-22 | ARC INDEPENDENT RESEARCH | Hold | Hold | Maintains |
| 2020-12-02 | Raymond James Financial | Market Perform | Reiterate | |
| 2020-09-22 | PI Financial | Neutral | Initiate | |
| 2020-06-12 | B of A Securities | Neutral | Maintains | |
| 2020-04-23 | PI Financial | Buy | Initiate | |
| 2020-04-01 | CFRA | Hold | Maintains | |
| 2020-04-01 | Canaccord Genuity | Hold | Maintains | |
| 2020-04-01 | MKM Partners | Neutral | Maintains | |
| 2020-03-27 | PI Financial | Neutral | Initiate | |
| 2020-03-10 | PI Financial | 9.5 | 7.8 | Downgrade |
| 2019-12-23 | Raymond James Financial | Market Perform | Initiate | |
| 2019-12-16 | PI Financial | Neutral | Initiate | |
| 2019-11-04 | Bank of America | Underperform | Neutral | Upgrade |
| 2019-10-24 | Bank of America | Underperform | Reiterate | |
| 2019-09-25 | RBC Capital | Sector Perform | Maintains | |
| 2019-09-25 | Morgan Stanley | Equal-Weight | Maintains | |
| 2019-09-24 | Scotiabank | Sector Outperform | Sector Perform | Downgrade |
| 2019-08-16 | Macquarie | Neutral | Initiate | |
| 2019-06-27 | Canaccord Genuity | Hold | Maintains | |
| 2018-12-21 | BMO Capital Markets | 11 | 8 | Downgrade |
| 2018-12-21 | RBC Capital | Sector Perform | Sector Perform | Maintains |
| 2018-12-21 | Canaccord Genuity | Hold | Hold | Maintains |
| 2018-11-19 | CIBC | Neutral | Outperform | Upgrade |
| 2018-10-01 | Raymond James | Market Perform | Market Perform | Maintains |
| 2018-06-26 | BMO Capital Markets | Market Perform | Initiate | |
| 2018-06-25 | Canaccord Genuity | Hold | Hold | Maintains |
| 2018-04-11 | Imperial Capital | In-Line | Reiterate | |
| 2018-03-28 | BMO Capital Markets | Market Perform | Initiate | |
| 2017-10-17 | Canaccord Genuity | Hold | Maintains | |
| 2017-06-26 | BMO Capital Markets | Market Perform | Maintains | |
| 2017-06-26 | TD Securities | Buy | Maintains | |
| 2017-05-29 | Raymond James Financial | Outperform | Market Perform | Maintains |
| 2016-09-29 | TD Securities | Buy | Maintains | |
| 2016-08-29 | TD Securities | Buy | Maintains | |
| 2016-06-24 | RBC Capital | Sector Perform | Maintains | |
| 2015-03-24 | Rosenblatt Securities | Sell | Initiate | |
| 2014-11-17 | Sbank | Sector Perform | Maintains | |
| 2014-10-01 | BNP Paribas | Neutral | Maintains | |
| 2014-09-30 | TD Securities | Source of Funds | Maintains | |
| 2014-09-26 | CIBC World Markets | Sector Underperform | Maintains | |
| 2014-09-24 | Sbank | Sector Perform | Maintains | |
| 2014-06-20 | Raymond James Financial | At Market Perform | Maintains | |
| 2014-06-20 | BGC Partners | Sell | Buy | Upgrade |
| 2014-06-20 | RBC Capital | Sector Perform | Maintains | |
| 2014-06-20 | UBS | Neutral | Maintains | |
| 2014-03-31 | Robert W Baird | Neutral | Maintains | |
| 2014-03-31 | Evercore ISI | Underweight | Equal Weight | Upgrade |
| 2014-03-31 | Goldman Sachs | Neutral | Maintains | |
| 2014-03-26 | Citigroup | Sell | Maintains | |
| 2014-03-12 | Goldman Sachs | Neutral | Maintains | |
| 2014-02-05 | Jefferies | Hold | Maintains | |
| 2014-01-27 | MKM Partners | Neutral | Maintains | |
| 2014-01-20 | Citron Research | Buy | Maintains | |
| 2014-01-03 | RBC Capital | Underperform | Sector Perform | Maintains |
| 2013-12-16 | Societe Generale | Hold | Maintains | |
| 2013-11-14 | BMO Capital Markets | At Market Perform | Maintains | |
| 2013-11-05 | RBC Capital | Underperform | Maintains | |
| 2013-11-05 | Paradigm Capital | Hold | Maintains | |
| 2013-11-05 | Jefferies | Hold | Maintains | |
| 2013-11-05 | MKM Partners | Sell | Neutral | Upgrade |
| 2013-11-05 | Evercore ISI | Equal Weight | Maintains | |
| 2013-11-04 | Canaccord Genuity | Hold | Maintains | |
| 2013-10-04 | Sbank | Outperform | Maintains | |
| 2013-09-30 | Nomura | Neutral | Maintains | |
| 2013-09-24 | Sbank | Sector Outperform | Maintains | |
| 2013-09-24 | TD Securities | Hold | Maintains | |
| 2013-09-24 | Paradigm Capital | Hold | Maintains | |
| 2013-09-23 | National Bank Financial | Underperform | Maintains | |
| 2013-09-23 | MKM Partners | Sell | Maintains | |
| 2013-09-23 | Goldman Sachs | Neutral | Maintains | |
| 2013-09-23 | CIBC World Markets | Sector Outperform | Maintains | |
| 2013-08-19 | Jefferies | Buy | Maintains | |
| 2013-07-02 | National Bank Financial | Underperform | Maintains | |
| 2013-07-01 | UBS | Neutral | Maintains | |
| 2013-07-01 | Canaccord Genuity | Sell | Maintains | |
| 2013-07-01 | Jefferies | Buy | Maintains | |
| 2013-07-01 | Credit Suisse | Underperform | Maintains | |
| 2013-07-01 | RBC Capital | Sector Perform | Maintains | |
| 2013-05-10 | Sbank | Sector Outperform | Maintains | |
| 2013-05-08 | Macquarie Research | Neutral | Maintains | |
| 2013-04-02 | Societe Generale | Sell | Maintains | |
| 2013-04-01 | CIBC World Markets | Speculative Sector Outperform | Maintains | |
| 2013-03-21 | Cormark Securities | At Market Perform | Source of Funds | Upgrade |
| 2013-02-07 | Macquarie Research | Neutral | Maintains | |
| 2013-02-06 | RBC Capital | Sector Perform | Maintains | |
| 2013-01-31 | Sbank | Sector Outperform | Maintains | |
| 2013-01-28 | RBC Capital | Sector Perform | Maintains | |
| 2013-01-23 | Paradigm Capital | Source of Funds | Hold | Downgrade |
| 2012-12-21 | Cormark Securities | Buy | At Market Perform | Downgrade |
| 2012-12-21 | Citigroup | Sell | Maintains | |
| 2012-12-21 | Deutsche Bank | Hold | Maintains | |
| 2012-12-21 | Morgan Stanley | Underweight | Maintains | |
| 2012-12-21 | Goldman Sachs | Buy | Maintains | |
| 2012-12-21 | Societe Generale | Sell | Maintains | |
| 2012-12-21 | TD Securities | Hold | Maintains | |
| 2012-12-21 | Canaccord Genuity | Sell | Maintains | |
| 2012-12-21 | Nomura | Neutral | Maintains | |
| 2012-12-21 | Credit Suisse | Neutral | Maintains | |
| 2024-07-19 | CIBC CAPITAL MARKETS | Neutral | Outperform | Upgrade |
| 2024-07-02 | ARC INDEPENDENT RESEARCH | Sell | Sell | Maintains |
| 2024-06-18 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2024-03-25 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-12-20 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2023-12-20 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-10-01 | ARC INDEPENDENT RESEARCH | Sell | Sell | Maintains |
| 2024-12-17 | RBC Capital | Sector Perform | Sector Perform | Maintains |
| 2025-03-11 | Canaccord Genuity | Hold | Hold | Maintains |
| 2025-04-03 | RBC Capital | Sector Perform | Sector Perform | Maintains |
| 2025-04-03 | CIBC | Outperformer | Outperformer | Maintains |
| 2025-04-03 | Canaccord Genuity | Hold | Hold | Maintains |
| 2025-01-10 | RBC Capital | Sector Perform | Sector Perform | Maintains |
| 2024-12-20 | TD Cowen | Hold | Buy | Upgrade |
| 2024-12-20 | RBC Capital | Sector Perform | Sector Perform | Reiterate |
| 2024-12-20 | Canaccord Genuity | Hold | Hold | Maintains |
| 2024-12-20 | Baird | Neutral | Neutral | Maintains |
| 2025-01-04 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-01-01 | ARC INDEPENDENT RESEARCH | Sell | Sell | Maintains |
| 2024-12-22 | CANACCORD GENUITY | Hold | Hold | Maintains |
| 2025-04-06 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-04-06 | ARC INDEPENDENT RESEARCH | Sell | Sell | Maintains |
| 2025-04-01 | CANACCORD GENUITY | Hold | Hold | Maintains |
| 2025-04-01 | RBC Capital | Sector Perform | Sector Perform | Reiterate |
| 2025-06-25 | RBC Capital | Sector Perform | Sector Perform | Maintains |
| 2025-06-25 | Baird | Neutral | Neutral | Maintains |
| 2025-06-25 | Canaccord Genuity | Hold | Hold | Maintains |
| 2025-06-30 | CANACCORD GENUITY | Hold | Hold | Maintains |
| 2025-06-26 | ARC INDEPENDENT RESEARCH | Sell | Sell | Maintains |
| 2025-06-23 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
