BlackBerry Price Target Increased to $8.00 by Analysts at Societe Generale (RIMM)
Equities researchers at Societe Generale boosted their price target on shares of BlackBerry (NASDAQ:RIMM) from $6.00 to $8.00 in a research report issued on Friday. The firm currently has a “sell” rating on the stock. Societe Generale’s price target indicates a potential downside of 38.58% from the stock’s previous close.
RIMM has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of BlackBerry from $11.00 to $12.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Separately, 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. Finally, 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. Three investment 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. The stock has a consensus rating of “Hold” and an average 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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