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Blackberry (NASDAQ:BBRY) target price raised to $7.00, reported today by Morgan Stanley

Yesterday Blackberry (NASDAQ:BBRY) traded 5.71% higher at $8.33. The company’s 50-day moving average is $7.79 and its 200-day moving average is $7.30. The last stock close price is up 14.10% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 23,407,251 shares of the stock were exchanged, up from an average trading volume of 4,071,280

Blackberry (NASDAQ:BBRY) had its target price raised to $7.00 by Morgan Stanley in a report released 9/29/2016. The new target price indicates a possible downside of -0.16% based on the company's last stock close price.

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Blackberry (NASDAQ:BBRY)

Blackberry has a 52 week low of $6.03 and a 52 week high of $9.46 The company’s market cap is currently $0.

In addition to Morgan Stanley reporting its target price, a total of 21 brokers have issued a report on the stock. The consensus target price is $7.75 with one equity analyst rating the company a strong buy, two equity analysts rating the company a buy, sixteen equity analysts rating the company a hold, 8 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Blackberry (NASDAQ:BBRY)

BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company's products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services. The BlackBerry Technology Solutions business unit consists of five units: QNX, Certicom, Paratek, the BlackBerry IoT Platform and Intellectual Property and Patent Licensing (IPPL).

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