BlackBerry price target lowered to $3.75 from $4 at RBC Capital

RBC Capital analyst Paul Treiber lowered the firm’s price target on BlackBerry (BB) to $3.75 from $4 and keeps a Sector Perform rating on the shares after its Q4 results. The quarter exceeded consensus but FY26 guidance fell short of expectations and tariff uncertainties may delay new programs at auto OEMs, weighing on QNX revenue growth, the analyst tells investors in a research note. Government elections/changes are also a potential headwind to Secure Comms growth, the firm adds.