BlackBerry Limited (NYSE:BB) is considered one of the best fundamentally strong penny stocks to buy according to analysts, with RBC Capital maintaining a ‘Sector Perform’ rating and a price target of $4.50. The company exceeded third-quarter projections, particularly in its Secure Communications business.

Despite the outperformance being primarily from Secure Communications, BlackBerry Limited’s QNX platform shows promising momentum, leading to RBC reaffirming a neutral stance. The company’s third-quarter results exceeded analyst expectations, with an EPS of $0.05 and revenue of $141.8 million, positioning it for continued growth in its QNX business.

BlackBerry Limited (NYSE:BB) is a Canadian provider of intelligent security software and services, operating through three segments: Secure Communications, QNX, and Licensing. While BB has investment potential, some AI stocks may offer greater upside potential and less downside risk, especially in the current economic environment.

Read more at Yahoo Finance: BlackBerry Limited (BB) Outperforms Estimates but RBC Sticks With Sector Perform