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Research In Motion's a Perfect $10

BlackBerry 10 isn't just Research In Motion's (NASDAQ: BBRY  ) upcoming operating system update.

The smartphone pioneer's stock also hit $10 today on analyst excitement about the prospects for the company's new platform.

If RIM in double digits doesn't seem like such a big deal, consider that you have to go all the way back to June to find the last time that the shares were trading above the $10 mark.

With the BlackBerry 10 launch event slated for Jan. 30, Jefferies analyst Peter Misek is upping his rating on RIM from underform to hold. His price target is going from $5 to -- wait for it -- $10.

Misek is seeing wireless carriers growing interested in the wave of new BlackBerry phones that will roll out early next year.

That's a bit of a surprise. The market has only gotten more competitive since the last time that RIM has updated its platform. Apple's (NASDAQ: AAPL  ) iPhone and Google's (NASDAQ: GOOGL  )  Android combined to account for 86.9% of the smartphone market in this country in August, according to industry tracker comScore.

RIM will also have to deal with a hungry Microsoft (NASDAQ: MSFT  ) that brokered a deal with Nokia (NYSE: NOK  ) to champion its radically updated Windows Phone 8 mobile operating system. In other words, RIM is facing the always fearsome Apple, the growing manufacturers flocking to the open-source ways of Google's Android, and Microsoft pairing up with a global giant in Nokia that was only surpassed by Samsung to be the world's biggest mobile phone manufacturer earlier this year.

Misek is still encouraged. The $14.4 billion in revenue that he is targeting for fiscal 2014 -- which begins in a little more than three months -- is far more than the $11.3 billion that Wall Street's targeting. With the revolutionary BlackBerry 10 giving some believers a reason to hope that the company will bounce back next year -- after seeing its smartphone market share sliced in half over the past year -- a shot at a return to glory is better than not taking a shot at all.

There is absolutely no argument that Apple is at the center of technology's largest revolution ever, and that longtime shareholders have been handsomely rewarded with over 1,000% gains. However, there is a debate raging as to whether Apple remains a buy. The Motley Fool's senior technology analyst and managing bureau chief, Eric Bleeker, is prepared to fill you in on both reasons to buy and reasons to sell Apple, and what opportunities are left for the company (and more importantly, your portfolio) going forward. To get instant access to his latest thinking on Apple, simply click here now.

Read/Post Comments (6) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On November 20, 2012, at 6:15 PM, chastenruin wrote:

    There is nothing perfect about this stock unless you are shorting it.

    RIM is dead. Only in the Walking Dead do zombies rule the world.

  • Report this Comment On November 20, 2012, at 6:27 PM, JaanS wrote:

    RIM will play an important role in in the demise of Android according to:

  • Report this Comment On November 20, 2012, at 8:18 PM, digitally404 wrote:

    When BB10 hits the shelves in January, iOS will become the oldest, outdated, OS on the market.

  • Report this Comment On November 20, 2012, at 8:28 PM, wwu124 wrote:

    How much is know about the Blackberry 10? I have not followed Blackberry 10. Since the author of this article called it the "revolutionary Blackberry 10" so the author must know the details of Blackberry 10.

    It seems that the authors at MF have a different attitude when they write about Nokia.

    My question is, if I want to invest in a potential turn-around story, which is a better investment, NOK or RIMM?

  • Report this Comment On November 20, 2012, at 10:38 PM, llIlllIlllIlllIl wrote:

    Investing in RIM is very risky. Microsoft proved that even with an excellent product, it's a tough job competing in the mobile market these days.

    I still feel RIM would have a better future by partnering with Microsoft and driving the quality BlackBerry brand with Windows Phone and Windows on tablets, and expanding the services offering (even as a backup plan - if they don't already have prototype Windows Phones in their lab they are fools).

  • Report this Comment On November 21, 2012, at 7:08 PM, infektu wrote:


    Did you turn bull on RIM :-) ?


    You say that since Microsoft tanked (albeit with a great product you claim) this should determine RIM to now trash BB10 /QNX, 3 years in the works and 99.9% ready, a full 5 weeks before launch and go with... right, windoze mobile.

    Great reasoning.

    In passing, i am always puzzled by these "RIM should embrace Android /Windows" ideas. What, umpteen Android vendors not enough?

    Nokia and hTC don't make windoze phones large enough for ya?

    Most people like diversity. My current car isn't GM, and I strongly doubt that I'll ever buy one. Still, I don't wish them dead, they keep others in check and incidentally employ real people.

    Just sayin', RIM isn't the equivalent of Ford.

    Judging by the BB10 previews, emulators, etc., and the great new PB experience, I'd say they want to be the phone equivalent of BMW, and priced more like a Toyota.

    Shall judge it for ourselves soon.

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