In recent months, many stocks have experienced drastic surges in their valuations. One such case of this is Canadian multinational company, Blackberry (NYSE: BB). Back in January, after a largely difficult decade, Blackberry stock surged in value, reaching a peak of over $25. Blackberry was just one of a series of stocks to experience a short squeeze at the hands of the investment community, WallStreetBets.
In the last few days, several of the companies that shot up in value last time around have experienced a resurgence, such as AMC (NYSE: AMC) and Gamestop (NYSE: GME). While it is yet to significantly move the needle, Blackberry stock is on the rise. Could Blackberry be the next Gamestop?
As the stock moves onto the comeback trail, plenty of investors are trying to find the best platform to buy Blackberry stock online. Handily, we can help. Below, we have listed the best places to buy Blackberry shares in the UK and elsewhere. Check them out, sign up, and invest in Blackberry. We have also included a Blackberry price prediction so you can get an idea of what to expect in the coming days.
Where to buy Blackberry stock online
Our team of analysts have been hard at work reviewing the top online trading platforms that support Blackberry, and we believe the two below offer a compelling blend of low fees, quality service and innovative features. If you want to invest in Blackberry, they are both strong options.
1) eToro
As one of the world’s most popular online brokers, eToro is a good place to get involved with Blackberry. If you are inexperienced, you should consider trying out the broker’s innovative CopyTrader™ feature. This allows you to copy the trades of top-performing investors and can help improve your investing performance.
2) Plus500
If you would rather trade Blackberry with CFDs, which often cost less than purchasing stocks outright, Plus500 is the best platform for you. Moreover, Plus500’s clear interface and powerful charting tools make it a great place to start your investing journey.
If you aren’t happy with either of these two platforms, check out our list of the top ten best stockbrokers and trading platforms of 2021.
What is Blackberry?
It is best known as a Canadian mobile phone manufacturer, though in the last five years, it has segued away from the stiff competition of Apple and Samsung towards software and services.
Is Blackberry a good stock to buy?
If you believe in the company’s fundamental value and believe the company’s gradual reinvention will lead to results in the long run, it is definitely a stock to consider. In addition, if you are aiming to invest in the stock for the short term to speculate on volatile price increases driven by online traders, it is also a stock you should consider.
If you want to steer clear of the volatility presented by a short squeeze, or if you don’t feel Blackberry has the credentials to transform into a company that can compete in the software and services sector, it may be best to steer clear.
Blackberry price prediction
Given that it is currently trading at around $10 per share, we think Blackberry could certainly reach $25 if it rides the wave of a dramatic short squeeze; after all, this is the figure it reached last time around. Most reputable analysts haven’t raised their Blackberry price target anywhere near this figure, though it is worth noting that this does not take into account the effects of a short squeeze.
As regards whether Blackberry can become the next Gamestop, our team of analysts don’t feel this is feasible, though, in this market, it feels like anything could happen.
Should I buy Blackberry stock today?
If you are asking yourself ‘is Blackberry stock a good buy?’, this comes down to your own financial needs and investment goals. If you are investing money you can afford to lose, and you want to participate in a high-risk/high reward investment opportunity, it could be a good decision to invest today. We feel that Blackberry will rise in value though there are never any guarantees and you should always do your own research.
However, if you can’t afford to take a significant risk, and you would rather invest in a company that won’t be affected by unpredictable dynamics, then Blackberry might not be the right option for you.
Will Blackberry stock make me rich?
This is unlikely considering we aren’t expecting anything like the meteoric rise experienced by Gamestop. However, if Blackberry finds its place at the forefront of a social movement, it could deliver enormous shareholders value. Just make sure you exercise caution because the market can very quickly turn against you.
So, is Blackberry going to the moon? It just might be…
The market reacts to Blackberry’s market performance
For the latest stock market information and all the updates you need on Blackberry, check out our news section.
The post Should I buy Blackberry stock today? Blackberry could be the latest short squeeze target appeared first on Invezz.
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Charlie Hancox
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