VOL
Trending >

TD lowers price target on BlackBerry after Q1 results

BB stock

Following the company’s most recent results, TD Cowen has lowered its price target on BlackBerry (BlackBerry Stock Quote, Chart, News, Analysts, Financials TSX:BB)

On June 26, BB reported its Q1, 2025 results. The company posted an Adjusted EBITDA loss of $7.0-million on revenue of $144.0-million.

“BlackBerry’s strategy is delivering results,” CEO John J. Giamatteo said. “The Company is making significant progress towards operational independence for our IoT and Cybersecurity businesses, as well as towards profitability. We exceeded our outlook range for both adjusted EBITDA and non-GAAP EPS this quarter and achieved a third consecutive sequential improvement in free cash usage. BlackBerry remains on track to be both profitable on a non-GAAP basis and generating positive cashflow in the fourth quarter,” said , CEO, BlackBerry. “Both our IoT and Cybersecurity businesses beat revenue expectations. QNX recorded solid royalty revenue while our Cybersecurity division delivered a second consecutive quarter of ARR growth, as well as further enhancing dollar-based net retention.”

As reported by the Globe and Mail June 27, TD Cowen analyst Daniel Chan lowered his price target on BlackBerry from (US) $3.00 to $2.75 following the first quarter results.

About The Author /

insta twitter facebook

Comment