Piper Jaffray recommends short-term caution with RIM


Forbes.com is reporting that analysts from Piper Jaffray are advising near-term caution on RIM’s stock in the face of their upcoming performance report on the first quarter of fiscal 2007 tomorrow. However, the analysts also said that RIM’s stock had a more positive long-term outlook, due to new products and increased subscriber growth.

“While we believe RIM is well positioned for stronger net subscriber growth during the November quarter, we remain cautious on near-term subscriber trends,” Piper Jaffray analyst T. Michael Walkley wrote in a report to investors.

For now, Walkley is maintaining a “market perform” rating and $73 USD price target on RIM.