+$0.50 (+6.3%)
Closing price May 14, 2021
Analysts at Canaccord Genuity have issued upgrades on two stocks and initiated coverage on a third. One familiar name, in particular, is a near-term winner.
24/7 Wall St. looks at some big analyst calls that we have seen so far on Wednesday, including BlackBerry, BHP, Lam Research, Shopify, Square and Zoom Video Communications.
Tuesday afternoon and Wednesday morning are expected to bring four quarterly earnings reports worth a look, including one for a component of the Dow Jones Industrial Average.
Canaccord Genuity analysts have lowered their rating on BlackBerry stock but raised their price target to the highest among firms covering the security and auto industry software company.
Tuesday's top analyst upgrades and downgrades included American Express, BlackBerry, BP, CrowdStrike, Noble Midstream, Waste Management and Zscaler.
The Wednesday afternoon analyst calls were focused on AMD, GameStop, Starbucks, Square, Visa and more.
Tuesday's top analyst upgrades and downgrades included Activision Blizzard, Bank of America, Dollar General, DraftKings, Electronic Arts, Micron Technology and Microsoft.
Amazon and BlackBerry have struck a deal under which BlackBerry's automobile technology will be managed by Amazon's AWS cloud services. This could be a big deal over the next few years.
BlackBerry shares shot up on Tuesday after the company announced a deal with Amazon. Ultimately, the deal is to develop and market BlackBerry's Intelligent Vehicle Data Platform, IVY
Enterprise software and auto industry software platform BlackBerry beat analysts' second-quarter estimates on both the top and bottom lines.
24/7 Wall St. has previewed Nike, Rite Aid and some of the other key companies expected to report quarterly results this week.
Here, 24/7 Wall St. offers a preview of what to expect from BlackBerry, Nike and some of the other key companies on deck to report quarterly results this week.