CIBC Remains Bullish on BlackBerry Limited (BB)

BlackBerry Limited (NYSE:BB) is one of the best penny stocks to buy according to hedge funds. On October 3, CIBC analyst Todd Coupland reiterated a bullish stance on BlackBerry Limited (NYSE:BB), giving the stock a buy rating with a $6.00 price target.

BlackBerry (BB) Soars 12.47% on Earnings, Optimistic Outlook

BlackBerry Limited (NYSE:BB) reported in its fiscal Q2 2026 results that the total company revenue for the quarter surpassed prior guidance at $129.6 million, reflecting a growth of 3% year-over-year.

Management further reported that total company GAAP and adjusted gross margin rose by 4 percentage points year-over-year to 75%. QNX revenue for the quarter also exceeded guidance, achieving a 15% year-over-year growth to $63.1 million.

BlackBerry Limited (NYSE:BB) provides intelligent security software and services. The company’s operations are divided into the following segments: Cybersecurity, Internet of Things (IoT), and Licensing and Other.

While we acknowledge the potential of BB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BB and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.