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When Ed Zabitsky of ACI Research launched coverage of BlackBerry last July, the stock has just collapsed from over $14 to below $10. Zabitsky saw the cross-platform BBM story as highly attractive, despite understanding that the enterprise revenue model was going through a big transition.
Zabitsky has just published a brief note reiterating his strong buy recommendation and $20 target price. My understanding is he wasn�t making a short term prediction on the stock price, nor is he doing so now.* That�s not how he operates.* He thinks about product cycles and balances his research along with what the Street is actually expecting, and pricing into the stock. *
Full story from the Crackberry Blog...03-06-14 06:51 AM
Stock Talk: This guy�s still very bullish on BlackBerry
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