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BlackBerry (NYSE:BB) has been a Reddit favorite this year. The stock spiked 281% from January 4th to January 27th and then imploded shortly thereafter. Recently, the stock trended up again as meme stocks have made a comeback over the past month. BB gained another 90% this month, though the stock has since returned some of those gains. From a fundamental standpoint, I don’t believe BB is a good stock to own right now.
My opinion is backed up by our quantitative POWR Ratings system that has assigned BB an overall grade of D, translating into a Sell rating. As much as I miss my old Blackberry phones, the stock just isn’t a great buy. However, there are software stocks that are definitely worth considering. VMware Inc. (VMW), PTC Inc. (PTC), and Check Point Software Technologies (CHKP) are all rated a Buy and have multiple growth drivers, setting them up for success this year, which is why I am highlighting them below.
