Research in Motion is the Talk of the Town

No one should be surprised at how bullish investors are after Research In Motion Ltd. (RIMM) reported stellar third quarter earnings on Thursday.

The company's results and outlook impressed many analysts, who increased their 12-month price targets after RIM posted profits of $370.5-million, a figure that more than doubled from the same period last year.

Some of the notable analyst movements include:

Raymond James analyst Sera Kim upgraded her recommendation to "outperform" from "market perform,' and tagged RIM with a $140 price target.

RBC Capital Markets analyst Mike Abramsky reiterated his "outperform" rating, and maintained his $140 price target.

UBS analyst Jeffrey Fan reiterated his "buy" rating, but raised his price target to $155 from $150.

Bear Stearns and Co. analyst Andrew Neff liked what he saw and upgraded RIM to an "outperform" recommendation, and increased his price target to $160.

Comments

[jopocop:]

Lets not forget that Blackberrys are a sign of success, business and being efficient and all the rest. There is really no competition. The phone companies are behind them too, to make more money for themselves too. The growth is going to be gigantic in the world. Buy on dips. It is not too late. Yes, the stock can hang down at times, like any stock, like Google being at 435-490 earlier this year for a couple of months, until it flew and never looked back. RIMM is a can't miss into 2008, but, go in with dips and get out after it goes up 10-15 % in a fast pop. Then, wait and go back in.

2007 Dec 23 02:39 PM

[Brandon:]

The problem with RIMM is the huge multiple. The dips are going to be huge. A lot of upside in the stock, a lot of downside...Not for the weak of heart.

2007 Dec 24 05:46 AM

[Steven Burda:]

Awesome!


- Steven Burda | linkedin.com/in/burda

2007 Dec 24 05:00 PM