BlackBerry Limited (NYSE: BB) faces a cautious outlook as RBC Capital analyst Paul Treiber reiterates a Sector Perform rating with a maintained C$9 price target. The update comes just before the Waterloo-based company releases its second-quarter earnings on Thursday, Sept. 24.

Analysts project quarterly revenue of $145.53 million, an increase from the $129.6 million reported in the same period last year. Expectations for quarterly earnings stand at 4 cents per share, matching the year-ago period.

Analyst Ratings and Price Targets

Recent activity from high-accuracy analysts suggests a mixed outlook, with firms adjusting targets in mid-2026 and late 2025. The following table details recent rating changes:

The divergence in targets remains notable. CIBC’s Todd Coupland sets the highest target at $13, while TD Cowen’s Daniel Chan maintains a conservative $5 target. RBC Capital’s C$9 target sits in the middle of this range. All listed analysts have accuracy rates between 62% and 73%.

Strategic Developments

In a move to bolster its hardware infrastructure capabilities, Sift, a data infrastructure platform for mission-critical hardware, announced a partnership with QNX, a division of BlackBerry Limited. This collaboration aligns with the company’s focus on secure software solutions.

What the Numbers Show

The consensus revenue estimate of $145.53 million implies year-over-year growth against the prior period’s $129.6 million. With EPS expected to remain flat at 4 cents per share, the revenue uplift suggests potential margin pressure or increased investment spending in the quarter. Investors should scrutinize the operating expense line item when results are released.

Shares of BlackBerry gained 3.9% to close at $7.94 on Thursday, reflecting market anticipation ahead of the print.

BlackBerry Ltd. (NYSE: BB) shares rose 1.89% to $8.09 in after-hours trading Thursday, driven by a new partnership between its QNX division and data infrastructure platform Sift.

The collaboration allows engineers to stream live telemetry from QNX-powered systems directly into Sift, providing near real-time visibility into embedded systems without requiring software changes to the device.

Partnership Details

Sift announced the deal during market hours, causing BlackBerry shares to rise 3.93% to close at $7.94 in regular trading. The integration enables users to query data using SQL within one second of it leaving the device.

Austin Spiegel, Co-Founder and CEO of Sift, stated that engineering teams should be able to "plug in on day one and spend their time engineering, not building telemetry plumbing." He added that the next decade of hardware will be won by teams that learn fastest from their machines.

Romain Saha, Senior Director of Strategic Alliances at QNX, described real-world operational data as a "critical enabler of innovation" as Physical AI reshapes industries.

Market Context and Financials

QNX technology is embedded in vehicles from major automakers including BMW, Bosch, Honda Motor, Mercedes-Benz Group, Toyota Motor Corp., and Volkswagen AG.

In the previous quarter, revenue from BlackBerry's QNX segment increased 26% year over year to $72.3 million. The company is scheduled to report second-quarter fiscal 2027 earnings on Sept. 24.

BlackBerry is currently trading at about 46% of its 52-week price range. Benzinga’s Edge Stock Rankings indicate long-term upward movement with a Momentum score in the 96th percentile and a Growth score of 97.69.