We initiate coverage on BlackBerry Limited (NYSE: BB ) with a Neutral rating and a $4 price target. BlackBerry Limited provides intelligent security and IoT software solutions to enterprises and governments worldwide. Our thesis is based on our FY26E of $524MM rev (downMoretus Research delivers state-of-the-art, buy-side quality equity research for serious investors seeking clarity, conviction, and alpha. Focused on U.S. public markets, Moretus applies a structured, repeatable framework to identify companie ...