5 Best Rising Penny Stocks to Buy Now

​4. BlackBerry Limited (NYSE:BB)

Price: $3.82

Number of Hedge Fund Holders: 24

​BlackBerry Limited (NYSE:BB) is one of the Best Rising Penny Stocks to Buy Now.

​On April 9, BlackBerry Limited (NYSE:BB) released its fiscal Q4 2026 earnings. The company posted $156 million in revenue, reflecting 10.09% year-over-year growth and topped expectations by $11.45 million. The EPS of $0.06 also exceeded the consensus by $0.02. Management attributed growth to the QNX segment, which posted a record quarterly revenue of $78.7 million, reflecting more than 20% year-over-year growth. Moreover, the QNX royalty backlog increased to approximately $950 million.

​Notably, the company also improved its adjusted EBITDA by 71% year-over-year and GAAP operating income by $30.9 million year-over-year. Looking ahead, management expects fiscal Q1 2027 revenue in the range of $132 million to $140 million, with QNX segment revenue expected to be around $60 million to $64 million.

​Following the release, on April 10, Canaccord Genuity reiterated a Hold rating on the stock and lowered the price target from $4.6 to $4.4. Earlier, on April 9, RBC Capital had also maintained a Hold rating on the stock with a price target of $4.5.

​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.