8 Overlooked Penny Stocks to Invest in

2. BlackBerry Limited (NYSE:BB)

Upside Potential as of January 21, 2026: 28.29%

Number of Hedge Fund Holders: 21

On January 8, Todd Coupland, an analyst at CIBC, reiterated a Buy rating on BlackBerry Limited (NYSE:BB), with an unchanged $6 price target. As the highest 1-year price target, the reaffirmed stance reflects an upside potential of 57.89% from the current price.

On the same day, RBC Capital maintained a Sector Perform rating and a price target of $4.50 on BlackBerry Limited (NYSE:BB). According to the firm, the macroeconomic environment will likely be a growth headwind in the times ahead, mainly impacting its QNX business because of deferred projects and delayed platform launches. That said, the stock has declined by nearly 4% over the last six months.

RBC also highlighted that QNX’s momentum has skewed towards the lower end of the company’s long-term targets. If the midpoint of FY26 QNX revenue estimates of $263 million is considered, it falls near the bottom of the company’s $260-270 million target range for FY26 set at the November 2024 investor day.

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.