RIM’s stock breaks $100

Stock marketToday 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 of the current $98.56. We might want to keep an eye out to see if analysts will bump it up yet again, but others, such as Bear Stearns, has dummed down RIMM’s rating to “Peer Perform”. There’s plenty of doubt on how long RIM can keep the momentum going, but I’m more inclined to hop on the train rather than hop off.

Posted by Simon Sage in News, RIM News

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