10 Best High Volume Penny Stocks to Buy

7. BlackBerry Limited (NYSE:BB)

Price: $3.97

Market Capitalization: $2.36 B

Volume: 4,637,106

Average Volume: 9,649,552

Number of Hedge Fund Holders: 21

BlackBerry Limited (NYSE:BB) is one of the Best High Volume Penny Stocks to Buy. Analysts are largely neutral on BlackBerry Limited (NYSE:BB) since the company released mixed results for its fiscal Q3 2026 on December 18. 6 out of 10 analysts covering the stock maintain a Hold rating on the stock. However, the 12-month average price target of $4.88 reflects more than 25.6% upside from the current level.

Recently, on December 22, Daniel Chan from TD Securities reiterated a Hold rating on the stock without disclosing any price targets. Earlier on December 19, Paul Treiber from RBC Capital also reiterated a Hold rating on the stock with a $4.5 price target.

Analyst Treiber from RBC Capital noted that BlackBerry Limited (NYSE:BB) exceeded the firm’s expectations during its fiscal Q3 2026 results. The firm highlighted that this performance also led to an increased fiscal 2026 guidance from the management. However, regardless of the company beating the firm’s guidance, it still maintained a neutral rating. This neutral stance is based on BlackBerry’s QNX automotive software platform, which was gaining momentum in the previous quarters but fell short of expectations in Q3. Moreover, the fourth quarter guidance also suggests further deceleration from QNX’s previous double-digit pace.

That said, the company, during its fiscal Q3 2026 results, reported a 12.47% year-over-year decrease in revenue to $141.8 million. However, despite the decrease, revenue topped estimates by $4.26 million. Moreover, the EPS of $0.05 also topped consensus by $0.01.

BlackBerry Limited (NYSE:BB) is a Canadian provider of intelligent security software and services to both enterprises and government organizations. Incorporated in 1984, the company operates through three segments: Secure Communications, QNX, and Licensing.