BlackBerry Stock: Fair Value or Value Trap?

BlackBerry's stock has rallied 32.5% over the last year, driven by its focus on software and cybersecurity. The company scores 2/6 on our valuation checks, suggesting the market may be pricing in future growth. A discounted cash flow analysis estimates BlackBerry's intrinsic value at $37.14 per share, implying the stock is 83.7% undervalued. The model suggests a wide margin of safety if projected cash flow ramps occur.