Analysts Just Trimmed Price Targets for These 5 Stocks

03. BlackBerry Limited (NYSE:BB)

Price Reaction after the Price Target Cut: -0.1700 (-3.69%)

On August 24, Canaccord Genuity Group adjusted its price target for BlackBerry Limited (NYSE:BB), a notable player in the technology sector. The previous price target of $5.37 has been lowered to $5.00, indicating a decrease in the anticipated valuation. Consequently, the current market price of BlackBerry Limited (NYSE:BB) stands at $4.43, reflecting a decline of approximately -3.7%. Importantly, Canaccord Genuity Group has upheld its Hold rating for the company, signifying a consistent view of BlackBerry Limited (NYSE:BB) performance. This comprehensive analysis from Canaccord Genuity Group offers valuable insights for investors and stakeholders, enabling them to make informed decisions considering the revised price target and the sustained Hold rating, aligning with BlackBerry Limited (NYSE:BB) position within the ever-evolving technology landscape.