Target $40.00 + Blackberry (NASDAQ: BBRY) has been hurt by competition from Apple's iPhone and smartphones running Google's Android operating system, causing many investors and analysts to hang up on the stock. But Blackberry users, a loyal and steadfast bunch, are still calling for more devices from RIMM. Bloomberg News reported last week that the struggling mobile communication device maker is in talks with bankers about "strategic options." Shares rose on the news and could ring higher on confirmation that RIMM is in talks with financial advisors about the path of the company.
Talks of a takeover have hovered above RIMM for sometime. It is not always prudent to buy a stock on takeover rumors, but there are other reasons to consider RIMM. The company is launching new gadgets and expanding overseas. Shares are well off their 52-week high of $57.32 and currently trading at $13.19-- right at the median price target. However, the high target is currently a robust $40/share.