BlackBerry LtdBB
Mentioned
Impact on assets 2
Information Technology
BlackBerry LtdArtificial Intelligence
NVIDIA CorporationNVDA
Mentioned
BlackBerry Initiated With Positive Coverage, Seen 22% Undervalued
2▲0 ▼0Impact / 5
An equity analyst initiated coverage of BlackBerry with a positive recommendation, citing QNX software demand and broader physical AI adoption as key themes for the business. The most widely followed narrative puts BlackBerry's estimated fair value at CA$16.22, well above its last close of CA$12.71, framing the stock as 21.6% undervalued. That bull case rests on an 83%-gross-margin royalty business embedded in 275 million vehicles, a $950M contracted backlog, and an Nvidia partnership positioning the company as a safety infrastructure layer for physical AI. The stock trades on a P/E of 65.1x, roughly double the North American Software industry at 31.9x and above its own fair ratio of 32.9x, though peers average 72.6x. The story could break if physical AI royalties arrive slower than expected or if major automakers push harder into fully in-house safety software.
BlackBerry LtdNVIDIA Corporation