BlackBerry Limited (NYSE:BB) is considered one of the best debt-free penny stocks to buy currently. Despite concerns about the QNX business, RBC Capital reiterated a Sector Perform rating with a $4.50 price target. QNX revenue grew 7% in Q3, falling short of the 14% annual growth rate target.

In Q3 FY26, BlackBerry reported a third consecutive quarter of GAAP profitability with non-GAAP earnings per share at $0.05, beating estimates by 25%. Revenue totaled $141.8 million, leading to a significant $24 million improvement in GAAP net income compared to the previous year. The company made progress in its strategic focus on automotive embedded systems and secure communications.

BlackBerry Limited (NYSE:BB) is a software and services company that shifted focus from phones to providing security software and solutions for enterprises and governments, particularly in IoT, cybersecurity, and embedded systems like automotive technology. While BB may offer potential as an investment, certain AI stocks may have greater upside potential and lower downside risk.

For more investment insights, read about the 10 Best Blue Chip Stocks to Buy for 2026 and the 10 Best Metal Stocks to Buy Right Now. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: BlackBerry Limited (BB) is a Sector Perform at RBC Capital Despite QNX Business Concerns