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RIMM To Survive Rising Competition From GOOG, AAPL
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Analyst Ratings
Posted on 02/01/10 at 2:38pm by Monica Gerson
Analyst Ronnie Moas of Standpoint Research upgrades Research In Motion Limited (NASDAQ: RIMM) from "hold" to "buy." The target price for RIMM is set to $80.
According to Standpoint Research, the current valuation of RIMM has priced in competition-related concerns. Despite competitive threats from Google (NASDAQ: GOOG) and Apple (NASDAQ: AAPL), “RIMM is not going out of business anytime soon and the market may be under-estimating RIMM's strength and ability to deal with the competition,” the analyst says.
“Research In Motion added more than 3,500,000 new subscribers in its most recent quarter, lifting its subscriber base to near 35,000,000. Additions in the current quarter may have topped 4,000,000,” the analyst mentions. “RIMM may be most appropriate for those who are under-weight in tech and discretionary, and are looking to remain under-weight but want to add a name as we are,” Standpoint Research adds.
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There are 3 comments
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What an awful title for an
by Anonymous on 02/01/10 8:20pm
What an awful title for an article. Was their survival ever in doubt? RIMM is still one of the market leaders with growing sales and market share.
thanks for reading my
by Monica Gerson on 02/02/10 1:43am
thanks for reading my post.
Yes, I agree that the very survival of RIMM was never in doubt. However, there is always a possibility of a company suffering a great extent due to competitive pressures. RIMM faces the likes of Google and Yahoo as rivals. I am not questioning the existence of RIMM, just commenting on how it would fare against competition.
thanks for reading my
by Monica Gerson on 02/02/10 1:25am
thanks for reading my post.
Yes, I agree that the very survival of RIMM was never in doubt. However, there is always a possibility of a company suffering a great extent due to competitive pressures. RIMM faces the likes of Google and Yahoo as rivals. I am not questioning the existence of RIMM, just commenting on how it would fare against competition.
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