For all you other amateur investors out there. Palm stock has gone up 275% since the announcement of the Pre and webOS and has a target price of $12 now - up from $10. Seems like many influential people are very convinced that the Pre and webOS will be a hit! From money.cnn.com:
Such was evident on Wednesday, when RIM (RIMM) got chopped to the equivalent of a sell rating by one broker and was initiated with a lukewarm view by another -- both of which questioned the company's ability to maintain profit levels for its mega-popular BlackBerry family in the hyper-competitive wireless market that has also been crimped by the slowing economy.
Palm (PALM), on the other hand, has been riding strong buzz as the company prepares the launch of its Pre smart phone later this year. The stock has been upgraded to buy ratings three times in the past month.
Check out the full article here.
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