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Gabriel Leung, an analyst at Paradigm in Toronto, upgraded the shares from a hold rating and now expects the stock to reach $19 in the next 12 months, compared with a previous estimate of $16
BlackBerry Shares Advance After Paradigm Raises Rating to Buy - Bloomberg
The same guy who downgraded the stock in January? This analyst is a nobody and his firm is irrelevant.
**** ,,, Blackberry will blow way past $19 before too long …. wait until Q10 releases! .. another awesome phone!!!
Agreed, we should see a steady increase right up until launch... and then it will tip over at $19 and continue into $20.
As for the upgrade on the stock, its kind of typical at this point.
Analyst does zero research but follows the pack, when it seems like everyone else has agreed that BBRY isn't quite dead yet they start to hesitantly raise their levels.
Maybe this was posted elsewhere, but Jefferies have a target of $22.00. Link also has some info on salesand good attitude at Verizon.
BlackBerry - Jefferies and Company