CIBC Sees Major Upside in BlackBerry Limited (BB)

Company Overview - BlackBerry Limited (NYSE:BB) is a Canadian provider of intelligent security software and services for enterprises and government organizations, operating through three segments: Secure Communications, QNX, and Licensing [4]. Analyst Ratings - On January 8, Todd Coupland from CIBC reiterated a Buy rating on BlackBerry Limited with an unchanged price target of $6, indicating a potential upside of 57.89% from the current price [1]. - RBC Capital maintained a Sector Perform rating with a price target of $4.50, citing macroeconomic challenges that may impact the QNX business due to deferred projects and delayed platform launches [2]. Financial Performance - The stock has experienced a decline of nearly 4% over the last six months [2]. - RBC noted that QNX's revenue momentum is skewed towards the lower end of the company's long-term targets, with FY26 revenue estimates of $263 million falling near the bottom of the $260-270 million target range set during the November 2024 investor day [3].