Why did BlackBerry BB stock rise 15% in premarket trade?

BlackBerry Ltd BB was surging over 13% on Thursday after printing better-than-expected first-quarter earnings. BlackBerry Ltd. BB, -0.79% shares climbed 15% in premarket trade after the security-software developer reported fiscal first-quarter results that topped Wall Street estimates.

Is BlackBerry stock a good buy?

BlackBerry stock has received a consensus rating of hold. The average rating score is and is based on 0 buy ratings, 14 hold ratings, and 1 sell ratings. What was the 52-week low for BlackBerry stock? The low in the last 52 weeks of BlackBerry stock was 3.17. According to the current price, BlackBerry is 144.82% away from the 52-week low.

Is BB stock a good buy?

According to 5 analysts, the average rating for BB stock is "Hold." The 12-month stock price forecast is $5.2, which is an increase of 18.99% from the latest price. Meme stocks are low-priced stocks that ran up in price for no particular fundamental reason other than short-squeezes perpetuated by retail investor enthusiasm and social media hype.

Is BlackBerry stock a case of confusion?

Technology BlackBerry Stock Rallies Despite Soft Revenue. It Could Be a Case of Confusion. Will the new Apple headset provide a lifeline for Mark Zuckerberg’s metaverse — or kill it? Is August the Month to Buy or Hold BlackBerry Limited (BB)? What's Going On With BlackBerry Stock This Week?