Analysts at CIBC reduced their target price on shares of BlackBerry (NASDAQ: BBRY) from $20.00 to $14.00 in a research report issued to clients and investors on Tuesday, Analyst Ratings Network.com reports. CIBC’s price target points to a potential upside of 36.05% from the company’s current price.

A number of other firms have also recently commented on BBRY. Analysts at Hudson Square Research downgraded shares of BlackBerry from a “hold” rating to a “sell” rating in a research note to investors on Monday. They now have a $8.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “sell” rating on shares of BlackBerry in a research note to investors on Monday. They now have a $8.00 price target on the stock, down previously from $9.00. Finally, analysts at Goldman Sachs cut their price target on shares of BlackBerry to $12.00 in a research note to investors on Monday.

Twenty-one investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. BlackBerry currently has an average rating of “Hold” and an average price target of $11.51.

BlackBerry (NASDAQ: BBRY) opened at 10.29 on Tuesday. BlackBerry has a 52-week low of $6.22 and a 52-week high of $18.32. The stock’s 50-day moving average is currently $14.10. The company’s market cap is $5.394 billion.

BlackBerry (NASDAQ: BBRY) last posted its quarterly earnings results on Friday, June 28th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.17. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.81 billion. BlackBerry’s revenue was up 9.4% compared to the same quarter last year.

Research In Motion Limited is a designer, manufacturer, and marketer of wireless solutions for the worldwide mobile communications market.