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BlackBerry‘s stock had its “neutral” rating restated by research analysts at Goldman Sachs in a report released on Monday.
They currently have a $17.00 price objective on the stock. Goldman Sachs’ price target indicates a potential upside of 20.57% from the stock’s previous close.
BlackBerry traded up 1.42% on Monday, hitting $14.30. BlackBerry has a 52-week low of $6.22 and a 52-week high of $18.32. The stock’s 50-day moving average is currently $14.43. The company’s market cap is $7.367 billion.
BlackBerry last issued its quarterly earnings data on Thursday, March 28th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.30) by $0.52. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.84 billion.
During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was down 35.9% on a year-over-year basis.
The article Goldman Sachs restates BlackBerry’s Neutral Rating appeared first on RAPIDBERRY.NET
