Can BlackBerry Stock Finally Recover in 2024?

Shares of BlackBerry (TSX:BB) have trailed the broader markets by a wide margin in the last five years. While the TSX index has gained over 60% since January 2019 (after adjusting for dividends), BlackBerry stock is down 50% in this period. While BlackBerry was among the largest smartphone manufacturers in the world at the start of the last decade, it lost market share to Apple, Samsung, and a slew of other companies from China. The Canadian tech company was forced to exit the smartphone market to focus on its high-margin software and services business, a decision that cheered Wall Street….