Canaccord Genuity raises BlackBerry price target to $10.3

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Reviewed by
Radhika SScanX News Team
Key Highlights

Canaccord Genuity analyst Michael Walkley maintained a Hold rating on BlackBerry and raised the price target from $8.2 to $10.3.

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Canaccord Genuity analyst Michael Walkley has maintained a Hold rating on BlackBerry while raising the price target to $10.3. The previous price target was $8.2. BlackBerry trades on the NYSE under the ticker BB.

Rating and Price Target Details

The revision reflects an updated valuation outlook from the analyst. The table below summarizes the changes:

Metric Value
Rating Hold
New Price Target $10.3
Previous Price Target $8.2
Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific factors drove the updated valuation outlook for BlackBerry?

How might BlackBerry's recent performance influence future analyst ratings?

What are the potential market reactions to the raised price target?

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BlackBerry Limited elects eight directors to its board

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Reviewed by
Anirudha BScanX News Team
Key Highlights

BlackBerry Limited elected eight directors to its Board of Directors at its annual meeting on June 25, 2026. All nominees received majority support, with Barry Mainz securing the highest approval at 98.99%. The directors will serve until the next annual meeting.

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BlackBerry Limited has elected eight nominees to its Board of Directors following its annual and special meeting held on June 25, 2026. The election results, detailed in the company's management proxy circular dated May 1, 2026, confirm that all directors will serve until the next annual shareholder meeting or until their successors are elected or appointed. The voting outcomes reflect shareholder approval for the proposed leadership team.

The detailed voting results indicate strong support across the board, with approval percentages ranging from 84.38% to 98.99%. Barry Mainz secured the highest level of confidence from shareholders, while Richard Lynch received the lowest support among the nominees. The table below provides a comprehensive breakdown of the votes cast for and against each nominee.

Nominee Votes For % For Votes Withheld % Withheld
Lisa Bahash 229,992,003 85.58% 38,743,711 14.42%
Philip Brace 260,433,374 96.91% 8,302,340 3.09%
Lisa Disbrow 257,152,989 95.69% 11,582,725 4.31%
John J. Giamatteo 257,184,353 95.70% 11,551,360 4.30%
Richard Lynch 226,757,584 84.38% 41,978,130 15.62%
Barry Mainz 266,033,801 98.99% 2,701,913 1.01%
Lori O'Neill 265,897,694 98.94% 2,838,022 1.06%
Wayne Wouters 255,639,623 95.13% 13,096,091 4.87%

BlackBerry provides enterprises and governments with intelligent software and services, focusing on secure communications and operational resiliency. The company is headquartered in Waterloo, Ontario.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

Will the significant withheld votes for Richard Lynch prompt the Board to re-evaluate his role or seek a replacement in the near term?

How will the newly elected Board influence BlackBerry's strategic direction in the competitive enterprise software market over the next year?

What specific operational changes or governance improvements does BlackBerry plan to implement to address shareholder dissent?

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