Some analysts, such as Peter Misek of Jefferies and Co., have recommended buying RIM shares earlier rather than later, because while BB10 sales projections are now lower for the current quarter, they could well be higher for the next. Mr. Misek today reaffirmed his share price target of $19.50 (U.S.) and his “buy” recommendation.
He’s not alone, though not all analysts feel the same way, some urging caution.
Mr. Misek says the March launch in the United States shouldn’t surprise anything, even though it did, and that the “upside is underappreciated” for the next two quarters.
He also thinks that the market is “too pessimistic” where the next quarter’s concerned given the “high carrier support” for BB10.
He also has higher hopes for RIM’s BlackBerry Mobile Fusion, and the possibility of licensing the new operating system.
The only analyst with a clue. Sad how so many talking heads on tv own apple stock, ouch, so they say oh the stock doesn't do much. really? If you're in IT or a gov't agency, you will certainly want the work personal mode. And being able to slide between programs, check messages without closing out programs is a big deal. But they meh it like it's nothing. Yeah let's just have two OS!! THen the gov't can control everything. Scary how stupid some of these people are. 80 million users and millions globally will switch. Tired of the same OS for the past 4 years. Revenue will reach 6 bil next qtr easy and the stock has a market cap just a little higher than that. Check out yahoo's market cap to revenue. 24 bil to 4.5 bil. If you want overvalued, look right there. Rimm should be and will be a $40 stock within 2-3 months.