BlackBerry Ltd is trading about 9% up in pre-market near $11.31–$11.37, extending a strong multi-day rally driven by renewed optimism in its QNX and cybersecurity businesses.
- The upward move follows a bullish CIBC Capital Markets target hike and a share buyback authorization that have strengthened the company's growth narrative.
- Momentum traders have been attracted to the stock as it rose from $7.91 to $10.32 over the past week prior to the current session's gains.