BlackBerry Shares Jump 5% on Citron New PT of $20

In a report published Friday, Citron Research raised the price target on

BlackBerry LimitedBBRY

25 percent to $20.00.

“This is the future.”

Citron wrote, “This is not 3D printing, electric cars, or solar energy packaged and promoted for momentum players. This is cloud-computing / Software as a Service/Online Security / Big Data / Healthcare Re-visioned / Mobile Payments - combined. This is the future.” Following BlackBerry's

press release,

Citron highlighted CEO John Chen's strength as a “credible leader” on Wall Street. The firm noted that BlackBerry's new strategic position in the “Internet of Things” highlights the multiple opportunities for the company with partners in the space including Apple, Google, IBM, Texas Instruments, Oracle, Qualcomm, ARM holdings, and more.

What's In a Name?” The analyst made one suggestion for the company. Given the appropriate change in BlackBerry's strategic direction, Citron suggested to return the name to Research in Motion “because the company is now capable of fulfilling the original vision as expressed in its original name.” Integrity of Blackberry Citron concluded, “Mr. Chen, we are honored to be investors and having you work for us. We think we understand where you are piloting this ship, and we note the your consistent track record of aligning your words and your actions – the definition of integrity.” Stock Action Shares of BlackBerry closed at $9.09 on Thursday. Following the report, shares gained as much as 5 percent at $9.54.

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