Goldman Sachs Still Positive on BlackBerry (BBRY)

February 27, 2013 10:17 AM EST
Get Alerts BBRY Hot Sheet
Price: $7.11 -0.28%

Rating Summary:
    7 Buy, 39 Hold, 16 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 17 | New: 13
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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.

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The top range was also wrong
CJ Tufenk on 2013-02-27 13:38:58
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Its $18.32

Price Range?
Jamie on 2013-02-27 10:43:57
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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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