NCCapital

BlackBerry Limited shares rose 3.7% on Friday, May 29, 2026, following positive momentum around its QNX and AtHoc businesses.

The stock [NYSE: BB] has been gaining traction as investors respond to improved visibility in its cybersecurity and IoT segments. CIBC Capital Markets raised its price target from $6 to $8.50 and maintained an Outperform rating, citing stronger prospects for QNX and secure communications.

BlackBerry reported $156 million in quarterly revenue and $24.3 million in net income ($0.04 per diluted share). The company continues to show strong gross margins of 76.2% and holds a solid balance sheet with approximately $360 million in cash and short-term investments.

QNX, BlackBerry’s real-time operating system platform, is gaining attention in the robotics and “Physical AI” space. The company is actively promoting QNX at industry events and highlighting its safety-certified technology for advanced automation. Meanwhile, AtHoc continues to provide steady revenue through its secure communications platform, which holds the highest FedRAMP certification for U.S. government use.

BlackBerry also renewed its normal course issuer bid, allowing it to repurchase up to 26.8 million shares through 2027, signaling confidence in its current valuation.

While the stock has rallied significantly in recent weeks, it remains a high-valuation, sentiment-driven name. Traders are watching whether elevated volume and institutional support can sustain the current momentum.