Only 1.3 Million BlackBerry 10 Devices Would Push BlackBerry into the Black, says Analyst
Every analyst and their mother seems to be making predictions on BlackBerry 10 sales. The latest is Bernstein Research’s Pierre Ferragu, who reiterates an Outperform rating on the stock.
Ferragu says BlackBerry may post profit in its June-ending Fiscal Q1 results, beating expectations. This could potentially boost the stock to $20 0r $25.
“Only 1.3m Blackberry 10 units would be sufficient to push the company into the black” Ferragu writes, urging investors to look past recent reports of slow initial sales.