BlackBerry Price Target Increased to $12.00 by Analysts at RBC Capital (RIMM)
Equities research analysts at RBC Capital hoisted their price objective on shares of BlackBerry (NASDAQ:RIMM) from $11.00 to $12.00 in a research note issued to investors on Friday. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target suggests a potential downside of 7.87% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James raised their price target on shares of BlackBerry from $9.50 to $10.00 in a research note on Friday. They now have a “market perform” rating on the stock. Separately, analysts at Nomura raised their price target on shares of BlackBerry from $9.00 to $10.00 in a research note on Friday. They now have a “neutral” rating on the stock. Finally, analysts at CIBC raised their price target on shares of BlackBerry from $5.00 to $6.25 in a research note on Friday. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.22.
BlackBerry Limited, formerly Research In Motion Limited is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.
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