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BlackBerry cost target reduced to $6 from $7 at CIBC


CIBC reduced the company’s cost target on BlackBerry ( BB) to $6 from $7 and maintains an Outperformer score on the shares. While Blackberry’s Q4/2025 outcomes were far better than anticipated, its Q1 and 2026 overview was combined, the solid notes. Despite this, CIBC’s sight that 2026 will certainly inflect to double-digit QNX earnings development and favorable modified EBITDA continues to be undamaged. Blackberry’s Q4 results showed the product take advantage of restructuring and splitting right into 2 systems. This is a pattern the company anticipates to be much more totally recognized as 2026 unravels versus upgraded and traditional support.

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