Shares of Research in Motion could realize more than 20% upside potential relative to the market in the next twelve months, according to SG Cowen. The research firm said that last week’s patent-dispute settlement between RIM and NTP “was the right choice at this point for all of RIM’s stakeholders.”
In the very short term, shares of the wireless data company could see a post-settlement bounce to the mid-$80s level, according to the research firm.
“RIM noted that no customers or carriers had reported they had decommissioned BlackBerry units as a result,” SG Cowen analyst Robert Stone wrote in a report yesterday.
“We believe these strong relationships bode well for subscriber growth and new partnerships in fiscal 2007.”