On July 1, BlackBerry rose 5.42% in regular trading, trading at approximately $12.69/share, with turnover of $204 million. The rally extends the strong momentum following the company's better-than-expected Q1 FY27 earnings report, further amplified by multiple analyst upgrades.

BlackBerry's Q1 FY27 results showed total revenue of $152.9 million, up 26% year-over-year and well above the consensus estimate of $138 million. Adjusted EPS came in at $0.04, exceeding the $0.03 expectation. The core QNX division delivered revenue of $72.3 million, surging nearly 26%, while the company raised its full-year revenue guidance to $594–$621 million. The quarter also marked BlackBerry's first positive operating cash flow in Q1 in nine years.

On the institutional front, RBC Capital Markets raised its target price from $4.50 to $9.00, citing robust QNX development seat license sales. Raymond James lifted its target from $4.75 to $9.50, representing a 100% increase. However, RBC maintained a Sector Perform rating, noting that the risk-reward profile has become less attractive following the stock's sharp appreciation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)