RBC Capital Markets analyst Paul Treiber maintains a Sector Perform rating on BlackBerry Limited (NYSE:BB) with a price target of $3, citing concerns over its Cybersecurity unit and potential shortfalls in FY25 revenue guidance. Despite expected cost reductions leading to a possible breakeven FY25 adjusted EPS, challenges in the Cybersecurity segment and delayed EV transitions could impact revenue. The fourth-quarter forecast includes a 12% sequential decline in revenue but a record $64 million in IoT revenue. Cybersecurity revenue is expected to drop 25% sequentially to $85 million. The report is scheduled for April 3 after market close.