Blackberry stock
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Don't Bet on a RIM Stock Rally (Nasdaq: RIMM)
Research in Motion Ltd. (Nasdaq: RIMM), maker of the BlackBerry phone, traded sharply higher yesterday (Thursday) after Goldman Sachs analyst Simona Jankowski upgraded RIMM to a "Buy" with a price target of $16. RIM gained 4% Thursday to close at $11.54.
Although there are a growing number of bulls among analysts on the Street, there is still a large and vocal group of bears who think that RIM is done for.
Research in Motion is planning to launch its BlackBerry 10 smartphone on Jan. 30, 2013. The company is pinning its hopes of survival on the BlackBerry 10 taking a small piece of the smartphone market away from giants Apple Inc. (Nasdaq: AAPL) and Google Inc. (Nasdaq: GOOG), which split the smartphone market between their iOS and Android operating systems, respectively.
Goldman Sachs' Jankowski says that the BlackBerry 10 (BB10 in the terse to the point of being unintelligible analyst-speak) doesn't even have to be a success for RIMM shares to perform well.
"We now assess a 30 percent chance of success for BB10 given positive early reviews, broad-based carrier support, attractive features, and interest by carriers and consumers in broadening the field beyond Android/iOS," Jankowski wrote.
Other analysts are even more bullish.
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Is There Any Hope for Research in Motion (Nasdaq: RIMM) Stock?
Die hard BlackBerry fans are more worried than ever that Research in Motion (Nasdaq: RIMM) may soon meet its maker.
The recent declines in profit, sales and RIMM stock -- which has plummeted 51% in the past six months -- has sparked mounting anxieties that the end for Research in Motion is imminent.
Speaking to these fears, RIM's new Chief Executive Officer, Thorsten Heins, vowed yesterday (Tuesday) that he will lead a turnaround for the beleaguered company, starting with a successful 2013 launch of its next-generation BlackBerry 10 phones.
Like a preacher on a pulpit, Heins maintained in an address to besieged shareholders that he would convert RIM into a "lean, mean, hunting machine."
"I have assembled a leadership team for RIM that's truly capable of taking us into the future," Heins promised.
BlackBerry fanatics, who helped coin the catch phrase "CrackBerry" to refer to their "addiction" to the iconic mobile phones, are pleading for RIM to make it - but it may be too late.
"If RIM continues to be run as it is, we believe that the company will eventually fail," wrote Nomura analyst Stuart Jeffrey in a June note to clients.
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