headerads

Tuesday, November 20, 2012

Research In Motion Limited (NASDAQ:RIMM) Extends Rally On $43 PT By Peter Misek


Jeffco analyst Peter Misek, who is a well-regarded telecom analyst, has upgraded Research In Motion Limited (USA)(NASDAQ:RIMM) to Hold from Underperform. This is a sharp departure from his earlier bearish stance.

He has set a price target of $43 for the stock in the next 12 months. He has based his view on the fact that BB10 has a much better perception in the market than the previous versions of the operating platform.

Will RIMM continue To Move Higher? Find Out Here

According to Misek, BB10 has a 20-30 percent probability of success.

The delay in the launch of BB10 was one of the main factors against the company. Carriers have long been looking for an alternative to dominance by Android and iOS. Microsoft's Windows Phone 8 is as yet too new to fill that slot. They are relying on BB10 to be in that position.

While the new operating system is believed to be a vast improvement over BB7, developers still think it will not match up to the quality of iOS 6 or even Android.

Recently, Blackberry handsets maker Research in Motion is set to release the latest version of its new operating software in December, while platform will be officially launched in January.

The release next month will enable developer to carry out the final testing of the product before it goes live. The expected release date of the kit is December 11, Biz Journals reported.

Canada's RIM has rapidly lost market share in the smartphone segment, especially among corporates where it once had undisputed sway.

Apple, Android have surpassed it long back while Microsoft is now bidding to rival it as well.

In anticipation of the release of the new system several brokerage houses are upgrading the stock.

Shares of RIMM are up 4% in pre-open session, extending its one-week gain to about 15%.

36 comments:

  1. re: developers still think it will not match up to the quality of iOS 6 or even Android.

    That is simply untrue, developers love the new platform and anyone who has been lucky enough to get their hands on one think its far superior to iOS and Android. iOS and Android are past their prime, no real innovation for the last year.

    ReplyDelete
    Replies
    1. totally aggreing with you, part of my job is Bes Admin and i have the chance to see one of those new BB10 (not the DEV Alpha) and they are quite impressive by their quality (cpu, picture) and the RIM person they have good feedback form video games industries... I figure the QNX choice (should explain to analyst QNX is use in car, nuclear plan, hospital) migth payback RIM. And i know people who bougth Latest Iphone and regret by now because it didn't bring anything so "new"... there was a lot of bashing against RIM.. It may now surprise everyone!

      Delete
  2. same here, where on earth these analysts get their information about developers' preferences?

    ReplyDelete
    Replies
    1. From having junior analysts either attend events, talk to some developers, talking to RIM, and being able to generally understand the market after analyzing and studying them intensely year after year. It's called market research...

      Delete
    2. Sounds like none of what you're saying is true. If they talked to developers, RIM and understood what was going on, they wouldn't have made such remarks as "BB10 is DOA" or "RIMM underperform at $5".
      When's the last time they made anything correct predictions? If their market research was so great, how come they didn't foresee the market meltdown of 2008 and the housing crash? All they spew is just a bunch of hot air to try to cover their behinds.

      Delete
  3. Great, so Peter Misek expects RIMM share to be at $43 in a year, but rates it a Hold. What kind of screwed up logic is this?

    ReplyDelete
    Replies
    1. yeah, my thoughts exactly... an expectation of a 500% return only warrants a hold rating? wtf

      Delete
    2. He also said there's a 20%-30% chance of BB10 being a success. A 70%-80% chance of failure is too much negativity for him to recommend a buy. If you used "logic", you'd be able to tie those facts together.

      Delete
    3. So with a 70-80% chance of failure, he sets the PT at $43? Yeah that seems very logical (sarcasm)

      Delete
  4. As a DEV I am leaving ios and android and going to BB10 which is light years ahead of the two. The masses are a little slow when it comes to TECH advances.

    ReplyDelete
  5. Market squeezes RIMM's short interest positions, that's it, pure market algorithm

    ReplyDelete
  6. @Rudy Fernandes
    the same that made it rate it a sell at 7 bucks...

    ReplyDelete
  7. analysts rate stocks in the way it best serves their interests (and of those behind them). they have no clue about the technical aspects of the products made by the companies they rate...but they know how to make money.
    think about the brokerage fees paid on stock transactions...no matter you buy or sell, the broker always skims his share...

    ReplyDelete
    Replies
    1. "They don't have a clue about the technical aspects of the products made by companies"?? Wtf! They're called analysts for a reason. You can't analyze a company without knowing about the products, its potential, it's fundamentals, and the market as a whole. Especially when thousands of trust funds, insurance funds, retail investors, etc. are looking at you for advice. If you get the stock expectations wrong often, you'll get fired.

      Delete
    2. IF they knew about the products, its potentials and fundamentals, then why do they keep comparing BB7 to IOS or the latest Android release? An os that's 3-4 years old vs the current competitors' ones is not a valid comparison.
      Had they attended any of the Blackberry conferences and studied the demos, then they would have its potential and how it will regain marketshare. They would also take into account that a large number of former Blackberry users will potentially return to Blackberry once BB10 is released.
      They are hardly ever correct about stock predictions and rarely get fired. Either way if you make or lose money on the market , they get paid. If they cared, they wouldn't put the disclaimers saying that they're only providing information and it's up to you to be responsible for making the decisions.

      Delete
  8. Nice journalism. Misek actually raised his $10 price target on RIMM - NOT $43. He said IF and ONLY IF BB10 is successful (which he gave about a 20-30% chance), then the potential for $43 was possible.

    Misek upgraded from "sell" to "hold", and the price target from $5 to $10.

    ReplyDelete
  9. Who cares about Misek?? He probably uses an IBM PC with an 8086 to write his articles! All of these so called analysts are jokers. Anyone who cannot see that BB10 is going to be a serious threat to all comers has either NOT done enough research OR does not have the ability to understand the potential power of the QNX Operating System....period! So why did BB users switch to iOS?? And common sense alone should dictate that if BB10 is superior the users won't switch back?? And this exactly what will happen...BB10 is going to blow the doors off of iOS!! Talk about over valued shares and they pay NO dividends and a CEO who is paid $1 million a day to make basic mistakes....infighting....watch for the fall of the mighty Apple....LOL!

    ReplyDelete
    Replies
    1. Your so stupid it hurts.

      Delete
  10. i lost 10k in rimm, idon't think this company has any future,aapl is the best i got cover 10k in aapl.

    ReplyDelete
    Replies
    1. Sorry to hear that.

      Delete
    2. Sorry to hear that you covered aapl, that is.

      Delete
    3. I made 10k in the last 2 months with RIM, thanks for the cash Anonymous :)

      Delete
  11. Useless comments here from RIMM employees.
    Let's see if RIMM can overcome both a new hardware refresh (3 years in the making), and OS refresh (at least 2 years in the making).
    They should have decided 18 months ago to dump the hardware and just focus on software. How are they going to continue to out-innovate the many companies that are solely focusing on the hardware, as well as the OS side (Android/iOS)?
    Let's face it, RIMM is done. At least Nokia has valid patents in the portfolio.
    Oh wait...AAPL came back in the 80's and 90's, so RIMM should be able to come back as well. LOL.

    ReplyDelete
    Replies
    1. Thats a good idea: RIM should just sell Android and stop wasting money on its own system.

      Delete
    2. Obvious Troll is obvious

      Delete
    3. So good of an idea that HTC and all the others except for Samsung are losing money or breaking even with Android. Meanwhile, RIMM increased its userbase (~10% increase yearly), has over $2 Billion cash in the bank, and no debt.

      RIMM is done because it has no patents? You better check your facts on that one. They pretty much invented the smartphone and have a huge pile of patents. Notice how Apple won't dare go after RIMM? Hmmm, I wonder why?

      Oh, Nokia is doing so well that they just lost close to another $1 Billion and laid off even more people. How are their sales doing even with the latest WP8? Again, even with an older OS, RIMM has a greater world wide market share than WP7 & WP8 combined.

      But hey, don't let the facts get in the way of your baseless argument.

      Delete
  12. The customer will decide - nuff said.

    ReplyDelete
  13. "i lost 10k in RIMM" what is wrong with you? cant you at least call the company by its name? Aapl? Apple & RIM are both doing decent, except that Apple Stocks have been going down in the past 2 months u dumbass apple employee, RIMM stocks are in a 3 month high and up 43 Percent compared to the past 3 months

    ReplyDelete
  14. Being Canadian I am all for RIM making the big time again, but the fact of the matter is that the latest SAMSUNG and APPLE phones with their respective operating systems are outstanding. Even if the dogs caught up, why am I going to change my phone for something that has a history for not working?

    Where was RIM when SAMSUNG and APPLE had almost the whole market? (Wait! They still do)
    Is RIM going to be at least better than HTC?

    ReplyDelete
  15. This could be the last (and likely greatest) RIMM short oportunity coming up while the 'hopium' is at it's peak.
    New OS = everyone rushing to buy RIMM devices. LOL!

    ReplyDelete
    Replies
    1. Ignorance is mortified by silence!

      Delete
  16. This PT is probably when he bought it. RIM is dead. Too many competition. Money pusher.

    ReplyDelete
  17. These analysts are just representing funds that are trying to get their money back on RIMM after it tanked so badly. When they do, they'll all sell and the stock will plummet again. RIMM is like Palm and will end up the same way - doesn't matter how good the new OS is.

    ReplyDelete
  18. Yep... 80 MILLION customers, 2 BILLION in cash, NO DEBT, and by virtually all accounts a killer product coming to market - yet the product is dead. I think I'll get ALL of my stock advice from someone with such incredible insight - do keep writing, yes?

    ReplyDelete


Privacy Policy | Legal Disclaimer