5 Most Undervalued Cybersecurity Stocks To Buy According To Analysts

4. BlackBerry Limited (NYSE:BB)

Number of Q4 2023 Hedge Fund Shareholders: 15

Average Analyst Share Price Target Upside: 30%

Average Analyst Share Price Target: $4

BlackBerry Limited (NYSE:BB) is best known for being a phone company, but over the years it has diversified its presence in the cybersecurity industry. The firm offers an AI powered security platform for round the clock network monitoring. March 2024 saw BlackBerry Limited (NYSE:BB) stress the importance of remaining vigilant when it comes to cybersecurity when it shared that the global finance industry battled a whopping one million attacks in just three months.

By the end of 2023’s final quarter, 15 out of the 933 hedge funds tracked by Insider Monkey’s research had held a stake in the company. BlackBerry Limited (NYSE:BB)’s largest investor in our database is Prem Watsa’s Fairfax Financial Holdings as it holds a $165 million stake.

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