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BlackBerry Ltd - Stock Quote BB

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Morningstar's BlackBerry Ltd Stock Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

BlackBerry’s Analyst Day Targets Are Achievable, but It Has to Improve Its Execution; $7 FVE

Analyst Note

| William Kerwin |

We’re maintaining our $7 per share fair value estimate for no-moat BlackBerry after the company provided ambitious financial targets at its 2022 analyst day to which we are mildly skeptical. We think BlackBerry is focusing on the right secular trends in its end markets, but we continue to await better execution on winning over new customers and building momentum. We are pleased to see BlackBerry focusing on organic investment for growth. We think the market is wary of the firm’s execution as well, with shares down 2% after-hours. Following marketwide selloffs in 2022, we now view shares as modestly undervalued but recommend investors seek a greater margin of safety before playing into this no-moat, very high uncertainty name.

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BlackBerry Ltd's Company Profile

Business Description

BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.

Contact
2200 University Avenue East
Waterloo, ON, N2K 0A7, Canada
T +1 519 888-7465
Sector Technology
Industry Software - Infrastructure
Most Recent Earnings Feb 28, 2022
Fiscal Year End Feb 28, 2023
Stock Type
Employees 3,325

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