RE: Price targets....who has them?Mr. Misek now sees the probability of success for BB10 closer to the upper end of his 20-30% range. In this scenario, he thinks the stock could climb to US$56 in the next 12 months.
https://business.financialpost.com/2013/01/18/rim-will-allow-corporate-email-on-iphone-and-android-misek/
Mr. Misek expects results for RIM’s May (Q1 2014) and August (Q2 2014) quarters will come in well above consensus due to a US$600 average sale price for BB10 and guaranteed volume from carriers.
“Our checks indicate that the carriers have agreed to volume commitments for the first two quarters post launch,” he said, adding that developers are also supporting BB10 more than expected.
RIM is targeting 70,000 BB10 applications available at launch.
Mr. Misek’s estimates include just 4 million in quarterly BB10 sales compared to an estimated installed user base of 20-30 million for RIM in developed markets, which could afford the device.
He also forecasts fiscal 2014 revenue of US$14.9-billion.
“While RIM has lost a huge amount of momentum and share, we also believe that the core installed base has been starved for a legitimate upgrade opportunity.”
The analyst believes investors can win in several ways, including if RIM creates a successful software business on top of Android and iOS.
Another possible source of upside for the stock would come if expectations are too low given that there is very high short interest.
Mr. Misek also suggested a “wild card” in licensing deals or other items