Canaccord Genuity Maintains Hold on BlackBerry, Raises Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Michael Walkley maintains a Hold rating on BlackBerry (NYSE:BB) and raises the price target from $4 to $5.5.
May 18, 2023 | 11:54 am
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Canaccord Genuity maintains a Hold rating on BlackBerry and raises the price target from $4 to $5.5.
The news of Canaccord Genuity maintaining a Hold rating on BlackBerry and raising the price target from $4 to $5.5 indicates a neutral stance on the stock. The price target increase may have a positive impact on the stock, but the Hold rating suggests that the analyst does not expect significant short-term price movement. Therefore, the short-term impact on BlackBerry's stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100