Goldman Sachs today maintained a Buy rating on BlackBerry (NASDAQ: BBRY) with a price target of $19.00. The rating is based on a "positive mix shift to BB10" and "improving" trends. The comments follow a BlackBerry forum in San Francisco yesterday.
"During the forum, the company highlighted success in Canada (the highest sell-through launch in BlackBerry history, with more than 50% of buyers switching from other platforms), the UK (over 33% of buyers from other platforms) and broadly improving consumer sentiment. In addition to the 70k applications announced at launch, BlackBerry is registering almost 1k apps per day,” said analyst Simona Jankowski.
For an analyst ratings summary and ratings history on BlackBerry (NASDAQ: BBRY) click here. For more ratings news on BlackBerry click here.
Shares of BlackBerry closed at $13.06 yesterday, with a 52 week range of $12.56-$17.22.