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Barchart
Barchart
Wajeeh Khan

Blackberry Stock Just Scored a New 'Buy' Rating. Here's Why.

Blackberry (BB) received a new “Buy” rating from Stifel yesterday. Analysts initiated coverage with a $12 price target, indicating potential upside of nearly 35% from current levels.

The bullish call came just ahead of BB’s fiscal Q1 earnings release on June 25, which featured a 26% year-over-year increase in revenue to $153 million on a better-than-expected $0.04 per share of earnings.

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