Canaccord raised the firm’s price target on BlackBerry (BB) to $4.60 from $4.25 and keeps a Hold rating on the shares. The firm noted they reported Q1/F26 results meaningfully ahead of expectations, highlighted by strong IoT/QNX results, which continues 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.
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