BlackBerry shares jumped up to 10 percent last week, extending recent gains after investment firm Citron Research said the Canadian technology company’s stock could double.
BlackBerry’s stock has surged nearly 70 percent over the past two months, following a multiyear turnaround effort.
The company’s deals with automakers and other business wins have boosted confidence in BlackBerry’s prospects. Citron Research said in a report that it expects the momentum to continue and it has high expectations for sales of BlackBerry’s QNX secure industrial operating system.
QNX is installed in more than 60 million cars where it is used to run infotainment and telematics systems.
