BlackBerry PT Raised to $10.00 (RIMM)
Research analysts at Raymond James lifted their price target on shares of BlackBerry (NASDAQ:RIMM) from $9.50 to $10.00 in a report released on Friday. The firm currently has a “market perform” rating on the stock. Raymond James’ price objective would suggest a potential downside of 23.22% from the company’s current price.
RIMM has been the subject of a number of other recent research reports. 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. Separately, analysts at CIBC raised their price target on shares of BlackBerry from $5.00 to $6.25 in a research note on Friday. Finally, analysts at BMO Capital Markets raised their price target on shares of BlackBerry from $8.00 to $9.00 in a research note on Friday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.