Vetr Crowd Downgrades Blackberry

The Vetr community on Wednesday downgraded Blackberry Limited (NYSE: BB) from 3 stars (Hold) to 2.5 stars (Sell). Despite the downgrade, crowd sentiment on the stock today remained positive, with 77.8 percent of users giving the stock a Buy rating and 22.2 percent a Sell.

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At time of publication, Blackberry shares were trading down 1.1 percent at $10.41. The Vetr crowd is neutral to bearish on the stock in the long run, with an aggregated price target of $10.2 implying 1.6 percent projected downside.

Analyst outlook was neutral as well. Among analysts, the 12-month consensus price target on the stock is at $10.75, implying forecasts in line with the stock’s current performance.