The Globe and Mail

The BlackBerry juggernaut reports fiscal first-quarter numbers on Thursday and Jeffrey Fan at UBS Securities has made his call for results “at or above the high end” of Research In Motion Ltd.’s guidance.
Ahead of the conference call, he raised his target price to $210 (U.S.) from $180, reflecting the mid-point of a 30-to-35 times multiple, which he figures is “reasonable, given 30 per cent [to] 40 per cent growth as well as a scarcity of high growth stories.”
With profit guidance set between $1.01 and $1.09 a share, Mr. Fan has settled in at $1.07 for the initial quarter. Same for revenue guidance between $1.02-billion and $1.07-billion. His number is $1.05-billion.
At the start of 2007, the stock was bouncing between $120 and $140, and Mr. Fan attributes the recent jump to expectations for a strong quarter and guidance.
The stock is trading at $168.73 on the NYSE Monday, down $1.93 or 1.1 per cent.