What Is Going On With BlackBerry Stock Ahead Of Earnings?

BlackBerry Limited (NYSE:BB) shares rose on Tuesday after Coretura selected Alloy Kore, marking the software platform’s first design win. Separately, RBC Capital analyst Paul Treiber reiterated a Sector Perform rating and maintained a $9 price target on BlackBerry. The stock was up as much as 8% in the premarket session on Tuesday. Coretura Selects Alloy Kore Coretura, founded by Daimler Truck (OTC:DTRUY) and Volvo Group (OTC:VLVLY), selected Alloy Kore as the foundational software layer for its next-generation commercial vehicle platform. Developed by Vector and BlackBerry’s QNX, Alloy Kore combines a safety-certified real-time operating system with pre-integrated automotive services. Coretura will deploy it through the Vector Distribution, which adds middleware and integration capabilities for high-performance computing. The platform aims to reduce integration work, shorten development cycles, and streamline certification. First Design Win Adds Commercial Validation The Coretura selection marks Alloy Kore’s first design win, providing commercial validation for the jointly developed platform. QNX President John Wall said Coretura selected Alloy Kore "as the certified foundational software layer beneath" its vehicle platform. Vector President Dr. Matthias Traub called Alloy Kore "a scalable foundation" designed to help automakers develop differentiated software faster. BB Technical Setup Shows Strong Longer-Term Momentum BlackBerry shares remain above their major moving averages, including the 20-day SMA of $7.88, 50-day SMA of $8.47, 100-day SMA of $8.53 and 200-day SMA of $6.18. The stock is about 49.3% above its 200-day average. The shorter-term setup remains mixed, with the 20-day SMA below the 50-day SMA. However, the 50-day average remains above the 200-day SMA following May’s golden cross. MACD is above its signal line with a positive histogram, indicating improving momentum. Key resistance sits near $11, while $8 represents a nearby support area. Earnings Become The Next Catalyst The countdown is on: BlackBerry is set to report earnings on September 24, 2026 (confirmed). EPS Estimate: 4 cents (Flat vs. 4 cents YoY) Revenue Estimate: $145.03 million (Up from $129.60 million YoY) Valuation: P/E of 85.3x (Indicates premium valuation relative to peers) Analyst Consensus & Recent Actions: The stock has a Buy rating and an average price target of $11.07. Recent analyst moves include: CIBC: Outperformer (Raises Target to $13.00) (June 26) RBC Capital: Sector Perform (Maintains Target at $9.00) (September 21) RBC Capital: Sector Perform (Raises Target to $9.00) (June 29) BB Price Action: BlackBerry shares were up 0.64% at $8.58 at the time of publication on Tuesday, according to Benzinga Pro data. Read Also: BlackBerry Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts Photo: Shutterstock