Apparently one Analyst beleives in RIM when they release their BB10 devices, so much that he doubled his target for the company. I myself have no faith and he shouldn’t neither. The people mock RIM and their devices. People who still have Blackberry devices hide them while in public because their so ashamed.
RIM hopes BB10 smartphones will help claw back market share it has lost in recent years to Apple Inc’s iPhone and devices that run on Google Inc’s Android operating system.
Misek, who doubled his price target on shares of RIM to $10 from $5, also raised his rating on the stock to “hold” from “underperform”.
“With greater carrier shelf space and marketing support, we now believe BB10 has a 20 percent to 30 percent probability of success,” said Misek, who has long been skeptical of RIM’s odds of engineering a turnaround.
[Reuters]
