RBC Capital Reiterates Sector Perform on BlackBerry, Maintains $3 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Paul Treiber has reiterated a 'Sector Perform' rating on BlackBerry (NYSE:BB) and maintained a price target of $3.

April 04, 2024 | 1:06 pm
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RBC Capital maintains a 'Sector Perform' rating and a $3 price target on BlackBerry.
The reiteration of the 'Sector Perform' rating and maintenance of the $3 price target by RBC Capital suggests a neutral outlook on BlackBerry's stock in the short term. This indicates that the analyst sees the company as adequately valued at its current price level, without immediate catalysts for significant price movement. Therefore, the impact on the stock price is likely to be neutral in the short term, as the market has likely already priced in the analyst's expectations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90