BlackBerry Stock Rises 3% as Analysts Double Down on Price Targets Following Fiscal Q1 Beat

BlackBerry Ltd. (BB) stock gained over 3% in premarket trading on Monday following fiscal first-quarter 2027 results that beat expectations, prompting several Wall Street analysts to raise their price targets.

RBC's Paul Treiber doubled his target to $9 from $4.50, citing the company's strongest quarterly outperformance in roughly a year and its emergence from a turnaround phase into revenue growth. CIBC lifted its target to $13 from $10, describing the quarter as excellent with both QNX and Secure Communications segments exceeding expectations. Canaccord increased its target to $10.30 from $8.20, highlighting faster-than-expected profitability improvements and operating leverage scaling in both business segments.