Research In Motion (RIMM) shares are up more than 164% over the past six months as hype surrounding the struggling vendor’s next-generation BlackBerry 10 smartphone platform peaks. While the increased anticipation may lead to success in the early days for RIM’s new BlackBerry Z10 and BlackBerry X10 smartphones, the company has a much steeper mountain to climb if it hopes to compete in the cutthroat smartphone market. RBC Capital Markets analyst Mark Sue is trying to keep a level head amid the buzz, and he paints a realistic picture of RIM’s prospects in 2013.read more: http://bgr.com/2013/01/23/blackberry-10-launch-analysis-303173/
In a note to investors on Wednesday, Sue raised his price target on RIM shares to $19, up from $11, with a Sector Perform rating. He sees plenty of potential in BlackBerry 10, but he also warns clients that industry watchers may be getting sucked into the hype and are issuing overzealous estimates as a result.