Sudden surge in RIM shares to show a sharp increase of 17.3% on the Toronto stock market trading on Thursday (22 Nov). The market optimism was triggered release of BlackBerry 10, which seems very giving a positive impression on investors.
Analyst Kris Thompson of National Bank previously targeted an increase in RIM stock from $12 to $15 per share. Thompson believes in 2013, RIM will be able to make more money from the looks grown today. Last week, analyst Peter Misek has increased the target value rating as well as RIM shares to $10 / sheet and it was welcomed by market participants to the increased value of RIM shares close to $10.
And now RIM shares surge values returned, much improved compared to the highest level achieved by RIM in May. The C $ 12 per share, RIM closed on Thursday to welcome the Thanksgiving holiday. This is the highest percentage that can be achieved RIM since April 2009. Since then the percentage of RIM stock continued to decline.
Thompson has a positive belief on the current condition of RIM management:
"A new management team set up BlackBerry customers, manage costs and cash in and seems to have been ready to release BlackBerry 10 platform globally in February 2013."
Just a reminder, in 2008 RIM shares peaked with a value of $148 per share before then continue to fall more than 90%. And now it seems BlackBerry 10 brings positive expectations for RIM's stock value which of course describes the fate of RIM in the future. If this trend continues until the release blackberry 10 in January 2013 and consumers are satisfied with what is given RIM, it is not possible RIM shares will again risen above $100 per share or equivalent to Google's stock is currently is in the range of $665...
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