InvestorsObserver is giving BlackBerry Ltd (BB) an Analyst Rating Rank of 3, meaning BB is ranked higher by analysts than 3% of stocks. The average price target for BB is $6.5 and analyst’s rate the stock as a Hold.
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!
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 $6.52 as of 9:42 AM on Friday, Aug 19, a drop of -$0.22, or -3.26% from the previous closing price of $6.74. The stock has traded between $6.51 and $6.67 so far today. Volume today is less active than usual. So far 37,672 shares have traded compared to average volume of 5,730,755 shares.
Click Here to get the full Stock Report for BlackBerry Ltd stock.