BlackBerry Limited (BB)

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9. BlackBerry Limited (NYSE:BB)

?Stock Price: $4.79

Number of Hedge Fund Holders: 20

BlackBerry Limited (NYSE:BB) is one of the best penny stocks to buy according to hedge funds. On October 3, CIBC analyst Todd Coupland reiterated a bullish stance on BlackBerry Limited (NYSE:BB), giving the stock a buy rating with a $6.00 price target.

Good skinny from Insider Monkey

“BlackBerry Limited (NYSE:BB) reported in its fiscal Q2 2026 results that the total company revenue for the quarter surpassed prior guidance at $129.6 million, reflecting a growth of 3% year-over-year.

Management further reported that total company GAAP and adjusted gross margin rose by 4 percentage points year-over-year to 75%. QNX revenue for the quarter also exceeded guidance, achieving a 15% year-over-year growth to $63.1 million.

BlackBerry Limited (NYSE:BB) provides intelligent security software and services. The company’s operations are divided into the following segments: Cybersecurity, Internet of Things (IoT), and Licensing and Other.

GLTA