BlackBerry's QNX growth and strong cash position support a 35% stock upside by FY27 amid AI and robotics expansion.

BlackBerry Limited is benefiting from the rise of physical AI, with its QNX operating system leading in robotics. QNX sales grew 14% in FY26 and 20% in Q4, backed by a $950 million backlog, indicating strong growth momentum. The company’s solid balance sheet, including $232 million in net cash and ongoing share buybacks, provides financial stability and supports capital allocation. Analysts see a 35% upside potential to $11.5 by FY27, driven by expanding robotics opportunities and growth prospects.