Why Is BlackBerry Ltd (NASDAQ:BBRY) Back in the Limelight

BlackBerry Ltd (NASDAQ:BBRY) is in the limelight these days after a research report published by short seller Citron in which it outlined a bullish outlook for the company. Citron thinks that BlackBerry Ltd (NASDAQ:BBRY) will reach $20 per share price due to its strengths in IoT, AI, autonomous car industry and cybersecurity. Citron also thinks that Blackberry could become a buyout target of Apple and other companies which are looking to tap into the lucrative autonomous cards industry.

Blackberry, which once used to be a giant in the mobile industry, transitioned itself to software services after it failed to compete with smartphone companies like Apple , Samsung and Alphabet .

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