AmerX initiated coverage of BlackBerry Ltd. with a Buy rating and a $13.50 price target. The target implies 54% upside from the current share price. AmerX expects growth in BlackBerry’s QNX business, driven by greater adoption among automotive clients and expansion into other AI-related industries.
BlackBerry recently reported strong Q2 FY27 results, beating revenue and earnings expectations. The company also raised its full-year guidance. Its QNX segment was a key driver of the performance.