Is BlackBerry Limited Stock a Buy Now?
(NYSE: BB) posted its latest earnings report on Sept. 28. For the second quarter of fiscal 2024 (which ended on Aug. 31), the Canadian tech company's revenue fell 21% year over year to $132 million but missed analysts' estimates by $15 million. It narrowed its net loss from $54 million to $42 million, which trickled down to an adjusted loss of $0.04 per share and cleared the consensus forecast by a penny.
BlackBerry's stock barely budged after the company released that mixed earnings report, but it remains down about 5% over the past 12 months. Should investors buy this out-of-favor tech stock today?
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Source Fool.com
BlackBerry Ltd. Stock
€2.17
1.890%
With 1 Sell predictions and 1 Buy predictions the community sentiment towards the BlackBerry Ltd. stock is not clear.
A target price of 1 € results in a potential of -53.85% which would mean heavy losses compared to the current price of 2.17 € for BlackBerry Ltd..
