BlackBerry’s QNX Engine Is Delivering, but Valuation Keeps Analysts Cautious
BlackBerry stock slides on soft Q3 guidance despite a strong Q2 beat, record $80.3M QNX revenue, and raised FY27 outlook.
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BlackBerry (NYSE:BB) raises FY2027 Adj EPS guidance from $0.16-$0.20 to $0.19-$0.22 vs $0.19 analyst estimate. Raises FY2027 sales outlook from $594.000 million-$621.000 million to $616.000 million-$636.000 million vs
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BlackBerry stock slides on soft Q3 guidance despite a strong Q2 beat, record $80.3M QNX revenue, and raised FY27 outlook.
Canaccord Genuity analyst Michael Walkley maintains BlackBerry (NYSE:BB) with a Hold and lowers the price target from $10.3 to $9.5.
RBC Capital analyst Paul Treiber reiterates BlackBerry (NYSE:BB) with a Sector Perform and maintains $9 price target.