AmerX starts coverage of BlackBerry stock at USD 13.50 target

Published on 10/08/2026 at 22:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AmerX set a USD 13.50 target for BlackBerry on October 8, 2026. BlackBerry stock stood at EUR 7.71 in trading on October 8, 2026.

Key points in brief

AmerX began coverage of BlackBerry with a Buy rating and a USD 13.50 price target on October 8, 2026.
BlackBerry reported USD 163.3 million in fiscal second-quarter 2027 revenue, up 26.00 percent year over year.
BlackBerry stock was trading at EUR 7.71 at Lang & Schwarz on October 8, 2026.
The company targets December 17, 2026, for its fiscal third-quarter 2027 results.

BB, CA09228F1036, Illustration mit AI erstellt.

BlackBerry (ISIN CA09228F1036) was trading at EUR 7.71 at Lang & Schwarz on October 8, 2026, while AmerX began coverage with a Buy rating and a USD 13.50 price target on the same date, according to Benzinga. The call puts QNX and physical artificial intelligence at the center of the current investment case.

Three dated milestones

On September 24, 2026, BlackBerry reported fiscal second-quarter 2027 revenue of USD 163.3 million, up 26.00 percent year over year, in results carried by Yahoo Finance. On September 28, 2026, QNX announced a German automaker program with projected volumes of several million units within three years, according to the Stock Analysis company-news listing. On October 8, 2026, AmerX analyst Casey Ryan opened coverage with a Buy rating and the USD 13.50 target, as Benzinga reported.

What does the target imply?

AmerX built the USD 13.50 target on a fiscal 2029 earnings-per-share estimate of USD 0.27 and a price-to-earnings multiple of 50, according to Benzinga. That framework is materially more optimistic than the companys latest operating evidence alone, so the valuation depends on QNX sales acceleration and wider adoption of physical artificial intelligence.

The fiscal second-quarter numbers provide a measurable base for that argument. QNX revenue reached USD 80.3 million, up 27.00 percent year over year, while QNX segment adjusted EBITDA reached USD 29.0 million, a 41.00 percent increase, according to Yahoo Finance. Secure Communications revenue increased 2.00 percent to USD 60.9 million, showing that the companys growth profile remains concentrated in QNX rather than evenly distributed across all operations.

Next reporting dates

Blackberrys investor-relations calendar lists December 17, 2026, as the planned fiscal third-quarter 2027 earnings date and April 8, 2027, as the planned fiscal fourth-quarter 2027 earnings date, according to BlackBerry. The companys fiscal second-quarter report also showed USD 29.3 million of operating cash flow for the quarter ended August 31, 2026, versus USD 3.4 million in the prior-year quarter, adding cash conversion to the QNX growth story.

BlackBerry stock and the euro quote

BlackBerry was trading at EUR 7.71 at Lang & Schwarz on October 8, 2026. Its primary listing is on the NYSE, where the finance quote showed a USD 5.1 billion market capitalization and a USD 3.12 to USD 13.59 52-week range on October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of BlackBerry stock.