Blackberry Receives 'Buy' Rating from Stifel Amid Strong Q1 Results
Stifel initiated coverage on Blackberry with a 'Buy' rating and $12 price target, suggesting potential upside of nearly 35%. The move follows strong fiscal Q1 results showing a 26% year-over-year revenue increase to $153 million. Analysts highlighted the company's evolution into mission-critical software for AI applications across multiple sectors.
Topics: AI applications automotive software Blackberry QNX OS Stifel