BlackBerry Likely To Report Q4 Loss - Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

BlackBerry Limited BB is expected to report financial results for the fourth quarter after the closing bell on March 30, 2023.

Analysts expect the company to post a quarterly loss at $0.07 per share, compared to year-ago earnings of $0.01 per share. The company’s revenue might come in at $156.65 million.

BlackBerry recently announced a patent sale worth up to $900 million. The company entered into an agreement to sell substantially all of its non-core patents and patent applications to Malikie Innovations for cash at the closing of the deal, as well as potential future royalties.

BlackBerry shares gained 3.9% to close at $3.98 on Wednesday, and added 0.5% in today’s pre-market trading session.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• RBC Capital analyst Paul Treiber maintained a Sector Perform rating and cut the price target from $4.5 to $4.25 on March 22, 2023. This analyst sees around 7% upside in the company’s stock and has an accuracy rate of 61%.
• Canaccord Genuity analyst Michael Walkley maintained a Hold rating and slashed the price target from $6 to $5 on Sept. 28, 2022. This analyst sees around 26% upside in the company’s stock and has an accuracy rate of 77%.
• TD Securities analyst Daniel Chan maintained a Reduce rating and cut the price target from $6.5 to $5 on June 24, 2022. This analyst sees around 26% upside in the company’s stock and has an accuracy rate of 61%.

Read This Next: Investor Fear Eases Following Surge In Tech Stocks