Research In Motion has seen a 14% increase in premarket trading due to new excitement regarding BlackBerry 10’s launch. RIM’s most bearish analyst, Peter Misek, recently stated he was changing RIMM from a sell to hold. Misek’s change was based on positive carrier feedback.
Now, National Bank analyst Kris Thompson has boosted his rating of RIM stock from $12 to $15. Thompson believes there is much more money to be made on the stock ahead of BlackBerry 10’s early 2013 launch.
Additionally, Thompson said with the addition of BlackBerry 10 smartphones he now expects RIM to ship about 35.5 million devices in fiscal 2014, up from an earlier estimate of 31.6 million.
It’s very encouraging to see more analysts come out of the wood work in support of BlackBerry 10. Perhaps, if you’ve been wondering if you should buy shares in RIM, now is a better time than any. Are you more hopeful in RIM now that analysts are starting to “see the light”?