Deutsche Bank maintained a Hold rating on MobileIron (NASDAQ: MOBL) and reduced its price target to $5.00 (from $6.00). Comments follows news earlier that BlackBerry (NASDAQ: BBRY) will acquire Good Technology, MobileIron's rival. In the view of analyst Karl Keirstead this could put the company at a disadvantage but also increases likelihood it will seek a sale.

"BRY will likely now pitch itself as a “one-stop shop” and encourage large BBRY customers to deploy Good instead of MOBL or AirWatch. As the only stand-alone vendor left, this could put MOBL at a disadvantage in some accounts, especially if BBRY invests to improve the functionality and performance of Good, even though MOBL has a superior product and many organizations are still looking to move off BBRY devices. On the other hand, the deal may increase the likelihood that MOBL seeks a sale and a premium to the BBRY/Good take-out multiple is possible given MOBL’s better growth rate," said Keirstead.

"Bottom line, the BBRY/Good deal makes life a little bit tougher for MOBL but it increases the take-out potential. Given the tougher competitive backdrop as well as the recent re-valuation of small-cap software names, we’re trimming out PT to $5 from $6, based on an assumed 2016e revs multiple of 2x," added the analyst.

For an analyst ratings summary and ratings history on MobileIron click here. For more ratings news on MobileIron click here.

Shares of MobileIron closed at $3.86 yesterday.