Goldman Recommends Buying RIM (RIMM) Ahead of Q4 Earnings
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Goldman Sachs is recommending clients buy shares of Research In Motion (Nasdaq: RIMM) ahead of the company's Q4 earnings report, which is expected out on Thursday, April 2. The Street is currently looking for EPS of $0.84. Goldman cited improving margins and valuation.
Following yesterday's 3% slide amid two bearish analyst calls, RIM stock is trading about 5.6% in this morning's pre-market session. The stock most recently traded at $45.36, likely seeing upside from the positive Goldman note.
To see all the analyst comments on Research In Motion, visit our Analyst Rating page for the stock.
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RIMM is a strong buy, finally
Robert on Mar 26, 2009 11:55 AMThe company now can compete with AAPL with the new model and applications developed or yet to be available. They´re no longer just focused in the corporate market - which they will still dominate but surely will bother many potential Blackberry users that could think having an Iphone. The fact that the market is slow is not obvious for every player, specially when you have a huge market share available that can make RIMM´s growth even stronger than before. Don´t forget that they´re back in this game for a few years and will now get back in in full power. By the way, what are analyst worth these days??? Shares prices apeak for themselves and are worth AT LEAST $85 and they´ll move faster than you think. You don´t have to play the earnings, but the fundamentals that are always the last word!