Motley 11/22 " JEFFERIES Says RIMM Can Go to $ 43. link
Can Research In Motion Be a Four-Bagger?
By Evan Niu, CFA | More Articles | Save For Later
November 22, 2012 | Comments (7
Research In Motion (Nasdaq: RIMM ) recently received a rare analyst upgrade from Jefferies analyst Peter Misek. Carriers are starting to show more interest in BlackBerry 10, but they have a vested interest in reducing the influence of Apple (Nasdaq: AAPL ) iOS and Google (Nasdaq: GOOG ) Android. Meanwhile, Microsoft (Nasdaq: MSFT ) continues to eye RIM's No. 3 spot in the smartphone market. The best-case scenario that Misek sees is that BlackBerry 10 matches iOS and Android competitively in features, but he believes the platform's success could skyrocket shares to $43 over the next 12 months -- a 300% upside from current prices.