BlackBerry stock experienced a 5% drop after a neutral analyst note from TD Cowen’s Daniel Chan, who set a price target of $5 per share. Despite efforts to pivot from its smartphone past, the company faces challenges in various business segments, including Internet of Things and cybersecurity. While Chan praised BlackBerry’s growth potential, he noted the recent stock price surge of 61% since December, indicating it is now fairly valued. Investors are advised to consider other stocks, as BlackBerry was not among the 10 best stocks recommended by Motley Fool Stock Advisor.

Read more at Nasdaq: Why BlackBerry Stock Flopped on Friday