Goldman Sachs Still Positive on BlackBerry (BBRY)
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Price: $14.62 -0.48%
Rating Summary:
9 Buy, 29 Hold, 20 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
9 Buy, 29 Hold, 20 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade BBRY Now!
Goldman Sachs today maintained a Buy rating on BlackBerry (NASDAQ: BBRY) with a price target of $19.00. The rating is based on a "positive mix shift to BB10" and "improving" trends. The comments follow a BlackBerry forum in San Francisco yesterday.
"During the forum, the company highlighted success in Canada (the highest sell-through launch in BlackBerry history, with more than 50% of buyers switching from other platforms), the UK (over 33% of buyers from other platforms) and broadly improving consumer sentiment. In addition to the 70k applications announced at launch, BlackBerry is registering almost 1k apps per day,” said analyst Simona Jankowski.
For an analyst ratings summary and ratings history on BlackBerry (NASDAQ: BBRY) click here. For more ratings news on BlackBerry click here.
Shares of BlackBerry closed at $13.06 yesterday, with a 52 week range of $12.56-$17.22.
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"During the forum, the company highlighted success in Canada (the highest sell-through launch in BlackBerry history, with more than 50% of buyers switching from other platforms), the UK (over 33% of buyers from other platforms) and broadly improving consumer sentiment. In addition to the 70k applications announced at launch, BlackBerry is registering almost 1k apps per day,” said analyst Simona Jankowski.
For an analyst ratings summary and ratings history on BlackBerry (NASDAQ: BBRY) click here. For more ratings news on BlackBerry click here.
Shares of BlackBerry closed at $13.06 yesterday, with a 52 week range of $12.56-$17.22.
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Goldman SachsComments
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Some great news in this article (I'm sure we won't see much of it on the web), really happy about the 1k apps a week. The 52 week low was around $6.22, not $12.56.
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The top range was also wrong
CJ Tufenk on Feb 27, 2013 01:38 PMMark as Spam | Reply to this comment
Its $18.32