Toronto, May 25, 2026, 10:02 EDT
- BlackBerry’s U.S. shares are shut for Memorial Day. The stock surged 19% on Friday.
- The Toronto listing was up again Monday morning, adding to gains from last week.
- The rally is adding pressure to QNX growth and government-secure communications, with analysts watching follow-through.
BlackBerry’s shares in Toronto climbed Monday morning, adding to last week’s surge. Its U.S. shares stayed at Friday’s closing price with the NYSE closed for Memorial Day. BlackBerry, based in Waterloo, Ontario, saw its NYSE stock jump about 28% over the week, according to daily market data.
Timing is important here. U.S. traders will have to wait until Tuesday before they can trade on the NYSE, but the Toronto Stock Exchange is open from 9:30 a.m. to 4 p.m. EDT and trades in Canadian dollars. BlackBerry’s TSX shares were last quoted at C$11.37 after hitting C$11.47 to notch a new 52-week high, according to Barchart.
BlackBerry’s U.S. shares ended at $7.91 on Friday, gaining 18.95%. That followed a 7.26% rise on Thursday. Volume was high. The move took the stock close to its one-year high. U.S. markets are closed Monday, so price discovery starts again Tuesday in New York.
CIBC Capital Markets bumped up its price target on BlackBerry to US$8.50 from US$6, MarketScreener wrote, citing MT Newswires. Analyst Todd Coupland left his Outperformer rating unchanged. The new target is above BlackBerry’s NYSE close on Friday and gave traders a reference point.
Investors are putting money behind BlackBerry’s QNX unit. QNX sells real-time operating systems used in cars, medical tools, and industrial gear where tasks have to run with reliable timing. QNX and Nvidia said last month they’re deepening their work together on safety-critical edge AI, taking AI technology out of the data center and onto robots, medical, and industrial equipment.
BlackBerry’s competitive story has shifted. The stock is now being compared with industrial software and AI-infrastructure players, instead of its old status as just a legacy phone name. Nvidia is a central partner, not a direct rival here. QNX President John Wall said “safety and determinism cannot be afterthoughts” as more systems turn autonomous and software-defined. WebDisclosure
BlackBerry’s April numbers helped drive the stock higher. The company posted fourth-quarter revenue of $156 million, a 10% increase from last year. QNX, the company’s software unit, set a new quarterly revenue record at $78.7 million and reported its royalty backlog hit roughly $950 million. CEO John J. Giamatteo said BlackBerry is “no longer a company in transition.” ACCESS Newswire
BlackBerry said it sees first-quarter revenue coming in ahead of what analysts expected, Reuters reported after the earnings. CEO Giamatteo told Reuters the company’s mission-critical systems make it “much more immune to ‘SaaSmageddon,’” referring to AI’s hit on standard software subscriptions. CFO Tim Foote said BlackBerry will boost QNX investment in physical AI, robotics, and medical uses. Reuters
Secure Communications made news last week after BlackBerry said its AtHoc emergency-notification platform cleared 2026 FedRAMP Class D High re-certification. FedRAMP is the cloud-security approval used by the U.S. government, with Class D High aimed at sensitive unclassified systems where trouble could hit public safety or operations. “This re-certification shows operational maturity and security rigor,” said Ramon Pinero, BlackBerry AtHoc’s general manager. WebDisclosure
BlackBerry is on the schedule for Baird’s Global Consumer, Technology & Services Conference in New York on June 2, with Tim Foote and John Wall set for a fireside chat, after talking at a CIBC conference last week. Its investor site has June 25 for first-quarter fiscal 2027 results. The week has fewer company events lined up, but there are some.
The risk is the trade has outpaced the fundamentals so far. Barchart put implied volatility high and its relative strength index past 80, calling that an “extreme overbought” area. If QNX orders don’t turn into quick revenue or if traders take profits on Tuesday’s U.S. reopen, Friday’s gap up could come under pressure. Barchart.com
BlackBerry isn’t getting a nostalgia premium in the market right now—instead, investors are pricing in a software turnaround. The key issue now is whether management can convert the QNX backlog, government security footing, and Nvidia AI chatter into more stable growth, and do it before the share price runs away from the fundamentals.
