BlackBerry Shares Rise on RBC Capital's Q2 Beat Expectation
BlackBerry stock climbed 7% after RBC Capital predicted revenue and EPS could exceed consensus ahead of the Sept. 24 earnings release.
Key points
- RBC Capital maintains a $9 price target, implying 5.5% upside, and expects Q2 revenue and EPS to beat consensus.
- Analysts project Q2 revenue of $145.53 million, a 12% year-over-year increase, while EPS is expected to be flat at $0.04.
- BlackBerry stock is up 124% in 2026, and retail sentiment on Stocktwits shifted to 'extremely bullish' ahead of the Sept. 24 report.
BlackBerry Ltd. shares surged nearly 7% in recent trading, extending a 0.18% overnight gain, as investors reacted to positive pre-earnings commentary. The Canadian technology firm is scheduled to report second-quarter results before market open on September 24, with market focus shifting toward potential upside in key financial metrics.
RBC Capital issued a note maintaining a 'Sector Perform' rating and a $9 price target, which implies 5.5% upside from the last close. The analyst firm suggested that BlackBerry’s historically conservative guidance practices create a setup where actual results may slightly outperform consensus estimates for revenue, EBITDA, and earnings per share.
Consensus Estimates Show Modest Growth
According to data from Fiscal.ai, analysts currently project quarterly revenue of $145.53 million, representing a year-over-year increase of more than 12%. Earnings per share expectations remain flat at $0.04 compared to the same period last year. RBC Capital noted that the degree of the beat will depend heavily on the timing of Alloy Kore design wins and the momentum of physical AI and GEM initiatives.
Retail Sentiment Shifts to Extreme Bullish
Market sentiment accelerated following a 'Buy, buy, buy' endorsement from Jim Cramer on CNBC’s Mad Money show, where he expressed surprise at the stock's previous pullback. On Stocktwits, retail investor mood for BlackBerry shifted from 'bullish' to 'extremely bullish' within 24 hours, accompanied by high message volumes. Users on the platform cited the stock’s stability around the $8.55 level and anticipated a significant price lift following the earnings announcement.
Long-Term Performance Remains Strong
The recent pre-earnings rally adds to a broader upward trend, with BlackBerry stock up more than 124% in 2026. Investors are watching for confirmation that the company’s licensing and security businesses continue to drive sustainable growth, as the potential for a 'blow out' quarter could trigger a major run in share price. The combination of conservative guidance and strong underlying momentum has positioned the stock favorably ahead of the upcoming release.
