TD Securities analyst Daniel Chan reiterated a Sell rating on BlackBerry (NYSE:BB) on Thursday, setting a price target of C$8.5, which is approximately 33.59% below the present share price of $10.13.
Chan expects BlackBerry to post earnings per share (EPS) of -$0.11 for the third quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Moderate Sell rating of shares in BlackBerry, with an average price target of $8.81.
The analysts price targets range from a high of $11 to a low of $6.73.
In its latest earnings report, released on 05/31/2021, the company reported a quarterly revenue of $174 million and a net profit of -$62 million. The company's market cap is $5.74 billion.
According to TipRanks.com, TD Securities analyst Daniel Chan is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.8% and a 75.74% success rate.
BlackBerry Ltd. engages in the provision of enterprise software and services, which focuses on securing and managing Internet of Things endpoints. It offers a platform comprised of communication and collaboration software and safety-certified embedded solutions. The company was founded by Michael Lazaridis, James Laurence Balsillie, and Douglas E. Fregin on March 7, 1984 and is headquartered in Waterloo, Canada.