Shares of BlackBerry rose more than 12% today after Berstein Research changed their outlook on the stock to "outperform." Bernstein had not had an outperform on BlackBerry (or Research in Motion) for over 3 years. Bernstein now pegs their target price for BlackBerry at $22 as they have much more confidence in the company after the launch of BlackBerry 10.
Other firms are not convinced that BlackBerry 10 is enough to turn the struggling smartphone company around. At this point, it's a crap shoot on where the stock will end up.
Today was also the official launch day of BlackBerry's new ticker symbol. The stock went from trading under RIMM to BBRY on the Nasdaq. What a way to celebrate a new ticker symbol.
Other firms are not convinced that BlackBerry 10 is enough to turn the struggling smartphone company around. At this point, it's a crap shoot on where the stock will end up.
Today was also the official launch day of BlackBerry's new ticker symbol. The stock went from trading under RIMM to BBRY on the Nasdaq. What a way to celebrate a new ticker symbol.