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. Read the full article on Seeking Alpha. Disclosure: No position. Please review the disclaimer page for more details.