Research in Motion (RIMM) continues to attract a wide range of 12-month price targets from analysts. Simona Jankowski at Goldman Sachs this week joins Jim Suva at Citigroup Global at the the low end of the range with a $50 target, which is below Wednesday’s closing price of $54.83.
RIM bulls are pinning their hopes on the upcoming 6.0 operating system for the BlackBerry, nicknamed Olive, and a planned tablet offering. They are also hoping RIM can take advantage of Apple’s (NASDAQ:AAPL) reception problems with the iPhone 4. On the negative side, a survey by ChangeWave attributes RIM’s found that BlackBerrys are losing their “cool factor,” relative to iPhones and to HTC smartphones based on Google’s (NASDAQ:GOOG) Android operating system.
The median price target for RIM stock based on analyst estimates is now $83, down from $85 at the end of June, according to Thomson/First Call.
The most recent price targets by analysts featured onAlacra Pulse are shown below. Click image to enlarge.