Analyst Rating: Will BlackBerry Ltd (BB) Stock Beat the Market?

Tuesday, June 21, 2022 01:44 PM | InvestorsObserver Analysts

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Analysts who follow BlackBerry Ltd (BB) on average expect it to climb 30.11% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns the stock an Analyst Ranking of 1, which means it ranks higher than 1 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating BB a Hold today. Find out what this means to you and get the rest of the rankings on BB!
See Full BB Report

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With BlackBerry Ltd Stock Today?

BlackBerry Ltd (BB) stock is trading at $5.38 as of 1:32 PM on Tuesday, Jun 21, an increase of $0.18, or 3.56% from the previous closing price of $5.19. The stock has traded between $5.30 and $5.45 so far today. Volume today is below average. So far 5,998,901 shares have traded compared to average volume of 11,029,231 shares. Click Here to get the full Stock Report for BlackBerry Ltd stock.

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