December 21, 2012 9:41 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Friday, Bank of America Merrill Lynch reiterated its Underperform rating on Research In Motion Limited (NASDAQ: RIMM), and slightly raised its price target from $6.00 to $7.00.BofA Merrill Lynch noted, “Q3 trends remained weak, with device sales down 60% YoY, service revs showing early signs of strain, down 3% QoQ, and the subs base down for the first time ever. 4Q looks like a tough quarter in our view, as the late launch of BB10 and competitive dynamics could pressure BB7 sales. Our model is changing, with revenues going up for BB10, gross margins increasing for better mix, coupled with opex increases. The balance is an increase in FY14 EPS from a loss of $1.59 to a loss of $0.61. However, with high degree of uncertainty on many of our model inputs, especially pricing and mix, our model could change greatly once we get better clarity on RIM's plans. We are raising our PO from $6 to $7 on an improved balance sheet, but maintain Underperform.”Research In Motion Limited closed on Thursday at $14.12.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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