We’ll be bringing you our full thoughts on BlackBerry 10 and the BlackBerry Z10 in the coming days, but in the meantime we’re watching how Wall Street is reacting to the company’s new mobile platform. BlackBerry’s stock took a hit right after CEO Thorsten Heins took to the stage and introduced the new operating system and phones, and now several analysts are providing some insight into what to expect from the company moving forward.
“We believe the run-up in the stock miscalculates the reality of consumer demand for BB10 next year,” Brian Blair, an analyst with Wedge Partners said. “The fact is, the smartphone market has changed in the last 24 months, and RIM is not only late to the party, the party has moved to a different location and RIM is showing up at the wrong house.” Of course we’ll need to see what kind of demand there really is once BlackBerry 10 hits the market in the United States next month.
In the meantime, Goldman Sachs analyst Simona Jankowski is a bit more bullish on RIM. “With these devices, RIM [now BlackBerry] appears to finally be aiming for the leading edge hardware performance that was missing from its prior generations.” Shares of RIMM are currently trading around $13 and Goldman Sachs has a price target of $19.