BlackBerry Limited (NYSE:BB) is one of the Best Performing AI Stocks to Buy. The stock has gained more than 237% over the past 6 months. The most recent surge came after the company reported strong fiscal Q1 2027 earnings on June 25.
During the quarter, BlackBerry Limited (NYSE:BB) posted $152.9 million in revenue and topped the expectations of $137.75 million. The EPS of $0.04 also topped the consensus of $0.03. Notably, the core segments hit the Rule of 40 during the quarter as QNX and Secure Communications grew 26% and 24%, respectively. Moreover, the company also achieved a critical financial milestone by generating $4.6 million in operating cash flow, marking its first cash-positive fiscal first quarter in nine years, excluding non-core patent sales.
Following the release on June 26, RBC Capital raised its price target on the stock from $4.5 to $9, while maintaining a Sector Perform rating on the shares. The analyst Paul Treiber noted this was BlackBerry’s largest earnings beat in the past year. The firm sees the results as a turning point, noting that the company is moving into a period of headline growth after a stretch of transformation.
BlackBerry Limited (NYSE:BB) is a Canadian provider of intelligent security software and services to both enterprises and government organizations. Incorporated in 1984, the company operates through three segments: Secure Communications, QNX, and Licensing. The company’s QNX division is a key enabler of agentic AI, it provides operating system foundation that enables using agentic software in autonomous vehicles and robotics.
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