BlackBerry price target lowered to $4.25 from $4.75 at Canaccord

Canaccord lowered the firm’s price target on BlackBerry (BB) to $4.25 from $4.75 and keeps a Hold rating on the shares. The firm said they reported Q4/F25 results slightly ahead of our expectations, highlighted by strong IoT/QNX results which continue to be the standout leader within the business. Canaccord said the outlook for the business has certainly improved over the past year. Strategic initiatives will be incrementally streamlined and meaningfully positive adj. EBITDA creates new organic and inorganic investment opportunities.