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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Note that Blackberry stock is already trading at about 2x its price in late March.

Stifel's thesis centers on the argument that the market continues to misdefine Blackberry, viewing it merely as an automotive software supplier, even though it has evolved into a mission-critical software layer powering physical AI applications across connected vehicles,

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/blackberry-stock-just-scored-buy-184518743.html)