BlackBerry Rises After Cramer's Buy Call Ahead of Earnings
BlackBerry shares rose by 5% to $8.40 following a 'buy, buy, buy' recommendation from Jim Cramer on his Mad Money show. The move occurred ahead of the company’s scheduled earnings report due September 24 and was not driven by broader sector momentum, as peers like Aptiv (APTV) and Mobileye (MBLY) showed minimal movement. Cramer has consistently supported BlackBerry for months, highlighting its software businesses such as QNX—an embedded OS used in vehicles and industrial systems—and Secure Communications. Stifel analysts have a $12 price target with a Buy rating, while Baird remains neutral at $5. The earnings report is expected to clarify whether the recent stock performance will be sustained. The iShares Expanded Tech-Software Sector ETF (IGV) rose 2% and SPY gained 1%, but BlackBerry outperformed both, indicating that Monday’s rally was specific to the company rather than a sector-wide trend.
Topics: Aptiv BlackBerry Cramer earnings Mobileye