- BlackBerry shares dropped significantly due to disappointing fiscal 2026 projections.
- Analyst consensus indicates a "Hold" recommendation with potential value decline.
- Price targets suggest a possible upside from the current share price.
BlackBerry's Fiscal 2026 Outlook: A Disappointment
BlackBerry Ltd. (BB, Financial) is facing a challenging market response as its shares plunged by 21.7% in premarket trading. This downturn followed the release of the company's fiscal 2026 revenue and earnings projections, which failed to meet market expectations. BlackBerry projected revenue in the range of $504 million to $534 million, falling short of the anticipated $550.6 million by analysts. Furthermore, the expected earnings per share are estimated to be between $0.08 and $0.10.
Adding to investor concerns, BlackBerry's guidance for first-quarter revenue ranged from $107 million to $115 million, a far cry from the $128.4 million forecast by analysts.
Wall Street Analysts' Forecast for BlackBerry
Despite the recent setback, Wall Street analysts offer a varied perspective on BlackBerry's future stock performance. Based on the one-year price targets provided by six analysts, the average target price is $4.54. This target includes a high estimate of $7.00 and a low estimate of $2.71. The average price target hints at a potential upside of 32.80% from the current share price of $3.42. For more in-depth estimate data, visit the BlackBerry Ltd (BB, Financial) Forecast page.
Consensus from six brokerage firms gives BlackBerry Ltd (BB, Financial) an average brokerage recommendation of 3.0, indicating a "Hold" status. This rating is based on a scale where 1 signifies a Strong Buy and 5 denotes a Sell.
GuruFocus Insight: GF Value and Stock Fairness
According to estimates from GuruFocus, the projected GF Value for BlackBerry Ltd (BB, Financial) in one year stands at $3.23. This figure suggests a potential downside of 5.42% from the current stock price of $3.415. The GF Value is GuruFocus' assessment of the stock's fair trading value, calculated using previous trading multiples, historical business growth, and future business performance estimates. Detailed information is available on the BlackBerry Ltd (BB) Summary page.
