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Home/News Feed/BlackBerry downgraded by Barclays amid concerns over high valuation despite QNX growth.
BB
$9.18
-$0.01 -0.11%

BlackBerry downgraded by Barclays amid concerns over high valuation despite QNX growth.

Analyst Insights
15 Jun 2026
Gordon Thompson
View Source
Bearish
pluang ai news

Barclays downgraded BlackBerry from Overweight to Reduce due to concerns over its stock being "extremely overbought" after a 200% price surge in two months. Despite expected 15% revenue growth in its QNX software segment for fiscal 2027, BlackBerry's high forward P/E of 67.21 and P/S of 10.12 suggest the stock may be overvalued. The downgrade reflects caution about a potential market correction. BlackBerry will report its Q1 results on June 25, 2026, which may provide further insight into its valuation and growth prospects.

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