BlackBerry: About That $20 Target
Citron Research published a $20 price target on BlackBerry.
The stock is already up significantly off the recent lows and trades at a market multiple for a growth company.
BlackBerry has upside potential on momentum, but the stock lacks the multiple expansion of Nvidia.
Citron Research published a report placing a $20 target on BlackBerry(NASDAQ:BBRY). The opinion was shaped on the back of the incredible gains of Nvidia (NASDAQ:NVDA) as the market made a sea change rerating of the stock, based on limited revenue growth and the recent buyout of Mobileye(NYSE:MBLY) at a lofty valuation.
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