Is BlackBerry Stock a Buy Now?
's (NYSE: BB) stock jumped 7% on June 29 after the enterprise software company posted its latest earnings report. For the first quarter of fiscal 2024, which ended on May 31, its revenue rose 122% year over year to $373 million and beat analysts' estimates by $214 million.
Its adjusted profit of $0.06 per share also marked an improvement from its loss of a nickel a year ago and cleared the consensus forecast by $0.11. That earnings beat was impressive, but does it indicate BlackBerry's stock is finally ready to recover after being cut in half over the past two years?
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Source Fool.com
BlackBerry Ltd. Stock
Based on 3 Buy predictions and 2 Sell predictions the sentiment towards BlackBerry Ltd. is rather balanced.
However, we have a potential of -12.55% for BlackBerry Ltd. as the target price of 2 € is below the current price of 2.29 €.