BlackBerry (TSX:BB,NASDAQ:BBRY) shares are higher today on the back of an upgrade from RBC Capital Markets.
RBC is raising its unit estimates on faster than expected “channel-fill” of the Z10/Q10 and an earlier than expected launch of the stripped down Q5.
The increased estimates have driven RBC’s expected unit sales for FY14 to 14 million from 11 million and cranked expected EPS to $0.35 from -$.04.
“Sell-through” has been strongest for the company’s new products in Canada, the UK, and the Middle East. Sales however in the company’s most important market, the U.S., haven’t been great, but this could improve now that the Q10 has been launched south of the border.
While the RBC analyst has put forward his best guess of BB’s unit sales, what this means for the company’s stock remains a mystery. The analyst’s target of $18 fits nicely between his upside of $24 and downside of $11. He could be right under a lot of scenarios!
We have created a special FREE report that profiles 3 companies that offer investors a much more certain outcome. Simply click here and we’ll send you “3 U.S. Stocks That Every Canadian Should Own” at no charge.
The Motley Fool’s purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool Canada’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead.
Fool contributor Iain Butler does not own shares of any company mentioned. The Motley Fool does not own shares of any company mentioned.
Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share.
Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune.
Don't miss out! Simply click the link below to grab your free copy and discover all 5 of these stocks now.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.