Research In Motion Shares up 170% Since September Low

Posted by Knowlton Thomas

Shares of Waterloo's Research In Motion are up more than 6% in trading today, bringing the company's stock well above $15 and close to a 52-week high.

After continued steady gains throughout the past two weeks, RIM shares are now up over 170% from their low of $6.10  last September.

As more people test out the company's next-gen mobile platform, more people love it. Analysts have been upgrading the stock's rating, while investors have shown a renewed faith in RIM by buying at a risky time. For example, Jeffries & Co. analyst Peter Misek last week raised his target estimate for the Canadian BlackBerry maker to $19.50 per share—a dramatic jump from his previous $13. And he's far from alone in his thinking.

RIM is slated to launch BlackBerry 10 in less than two weeks on January 30.

Photo: Andrew Vaughan, The Canadian Press

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. With the launch of BlackBerry 10, we have re-designed, re-engineered and re-invented BlackBerry. Not only did we introduce a... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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