11:34 AM EST, 12/17/2024 (MT Newswires) -- RBC has raised its one year target on Blackberry to US$3.25, from US$3, to reflect BlackBerry's sale of Cylance, which comes at a higher than expected takeout price. The sale eliminates a major overhang on BlackBerry's shares, notes analyst Paul Treiber.

However, even without Cylance, BlackBerry is still seeing relatively slow growth, given its Secure Communications business and the soft auto market for BlackBerry's IoT segment (i.e. QNX), Treiber adds.

Maintain Sector Perform.

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