Goldman Sachs Reiterates Bullish Stance on Research In Motion (RIMM) Ahead of Results

This morning, Goldman Sachs is reiterating their Conviction Buy List rating on Research In Motion Ltd. (Nasdaq: RIMM) ahead of second quarter results, due Sept 24. The firm cited strong demand and attractive valuation.

The firm said their recent IT survey and positive retail checks suggests continued strong sell-through of RIM devices from both a consumer and enterprise replacement perspective. They also said enterprise subscribers will see a solid quarter-over-quarter bounce after declining 35% last quarter.

The firm maintaining their $96/share 6-month price target on RIM, with Q2 estimates of $5.743 billion in revenues and EPS of $0.36.

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