The Financial Post Trading Desk is reporting that RIM’s first-quarter revenue is estimated to come down to US$3.1-billion on seven million new units shipped.
Raymond James & Associates is giving an Outperform rating on RIM stock with a target price of US$66.
Citi analyst Jim Suva, however, has a Hold on the stock with a target price of US$46. Mr. Suva remains skeptical in the near term, estimating earnings-per-share growth of just 7% this year, which is “hard to get excited over.”
Hopefully upcoming device launches such as the Niagara will quell any market uncertainty.