Prediction: 2 Stocks That Will Be Worth More Than BlackBerry 5 Years From Now
Limited (NYSE: BB) used to be a big deal. The Canadian giant of the early smartphone market once had an $83 billion market cap, generating as much as $20.6 billion of annual sales.
Refocusing on cybersecurity services and connected-car software, BlackBerry enjoyed a brief recovery in 2019 and 2020. Unfortunately, BlackBerry's trailing sales are now down by 40% in five years and its stock is worth just $1.4 billion today.
The stock has fallen 66% in the last five years, or an average annual loss of 19.4%. Let's say BlackBerry can stabilize a bit and the stock only drops 15% per year over the next half a decade. In this scenario, it would be worth roughly $600 million in the late summer of 2029.
Source Fool.com
BlackBerry Ltd. Stock
€2.12
-0.090%
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 -52.9% which would mean heavy losses compared to the current price of 2.12 € for BlackBerry Ltd..
