BlackBerry Q1 Revenue Surges 26% to $157.33M; RBC Lifts Target to $9

Key Facts

1BlackBerry reported revenue of $157.33 million for Q1 fiscal 2027, up 26% year-over-year.

2RBC Capital raised its price target on BlackBerry to $9.00 from $4.50 following strong results.

BlackBerry's fiscal first-quarter results for 2027 highlight a successful pivot from smartphone maker to cybersecurity and automotive software provider. The company reported revenue of $157.33 million, up 26% year-over-year, and adjusted EPS of $0.04, beating expectations. RBC Capital subsequently raised its price target to $9.00 from $4.50 while maintaining a Sector Perform rating.

Despite the strong earnings beat, the stock already trades above the new price target. BB closed at $10.34 on June 25, 2026, after reaching a high of $10.68 during the session. This suggests the market may have priced in much of the turnaround story, limiting further near-term upside based on current levels.

At the June 25 close, BB shares were at $10.34 within a daily range of $9.52–$10.68. Investors now watch for sustained growth from the QNX division and cybersecurity segment, with the next quarterly report serving as a key catalyst for the stock.