RIM stock up after price target raise

Mike Abramsky from RBC Capital Markets raised RIM’s price target from $140 to $150, causing their stock to raise 2.8% to $115.34 as of close of market on Friday. The analyst also rated the stock as “Outperform.” This is a pretty big turnaround from January, where RIM’s stock was rated as “Hold” and had its price target lowered from $145 to $110. Since then their stock has trended upward, even survived the multiple outages in February. Their fourth quarter financial results should be very interesting when they’re announced on April 2nd.

Posted by Devin Kent in Financial, News

Comments [2 Responses]

Wall Street fears iPhone, sets RIMM stock to “Hold” | BlackBerry Cool
April 10th, 2008 at 7:33 am

[...] probability… of a material slowdown.” Still, it’s quite a turnaround from just a week ago, where another analyst rated RIMM stock as “Outperform” and raised their target [...]

Leave a Reply

* = Required Fields

Save with the BBCool
Affiliate Network:

Decal Girl - BlackBerry Skins