RIM forecasted for $275 target price

The National Post is reporting that financial analysts are pitching RIM’s stock is set to hit the $275 ballpark in the next six to ten months. Considering it was sitting at around $68.58 one short year ago, that’s quite the forecast. RIM’s been keeping momentum up on the stock market however, with analysts Sera Kim and Adam Low predicting a doubling of BlackBerry users to 23 million by the end of the 2009 fiscal year. There’s plenty of new devices to look forward to, and an ever-growing smartphone market willing to gobble them up. Are there any game-changers on the radar for the next six to ten months that could throw a wrench into these predictions?

Posted by Simon Sage in Financial, News

Comments [2 Responses]

RIM's stock breaks $100 | BlackBerry Cool
September 26th, 2007 at 1:18 pm

[...] the RIMM stock peaked over the $100-mark, which would have been $300 pre-split (well beyond the previously forecasted $275). The target price is sitting at around $120 right now, which is within arm’s reach. We might [...]

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