Research in Motion To Make It To US Focus List (RIMM)
February 04, 2010 9:59 AM
The Credit Suisse Investment Policy Committee is adding Research in Motion (NASDAQ: RIMM) to the U.S. Focus List.
Research in Motion promises to show good growth in the next year. Credit Suisse analysts are confident of its sustainable market share of 21% in the global market. The evolution of Apple Inc (NASDAQ: AAPL) iPhone’s distribution strategy will have little impact on Research in Motion, contrary to expectations.
Research in Motion is set to benefit from the long term growth of over 26% in 2010 and 27% in 2011 in the smart phone market. The company also plans to announce a new browser at the 2010 Mobile World Congress in Barcelona. The analysts have set a price target of $95 for Research in Motion over the 12 month period. It is currently trading at $67.86.
