Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

BlackBerry Ltd (BBRY) and Apple Inc. (AAPL) Embracing their New Price Targets

Both BlackBerry Ltd (NASDAQ:BBRY) and Apple Inc. (NASDAQ:AAPL) got fresh price targets and were down for the day. Suzannah Lee reported the latest development on TheStreet.

Blackberry, is BBRY a good stock to buy, John Chen, China,

“[…] BlackBerry Ltd (NASDAQ:BBRY) shares are slumping after getting a downgrade form Morgan Stanley to underweight. The analysts there are saying that the market expectations are too excessive about Blackberry’s new product and turnaround. Price target was kept at $7 a share. That is about a 30% to the downside from where the stock is currently trading […],” said Lee.

Morgan Stanley analysts do not have so much faith in John Chen’s, BlackBerry Ltd (NASDAQ:BBRY) CEO, abilities as far as changing the fate of the once prominent player of smart phone industry is concerned. However, he has made substantial changes as far as cutting costs go. The only question is that will he be able to successfully launch new products that will make the Canadian company profitable once again?

To this end BlackBerry Ltd (NASDAQ:BBRY) has released a few new editions of smart phones, which haven’t exactly been hits like Apple Inc. (NASDAQ:AAPL)’s iPhone, but they did manage to get some traction. There is still one more phone that the company is scheduled to release in December, but that is not the only product that the company is relying on. It is the new device management software, BES 12 that is aimed at enterprise customers, which is the greatest hope for Blackberry’s revival .

Although down for the day, but not nearly as much as BlackBerry Ltd (NASDAQ:BBRY)  in percentage terms, Apple Inc. (NASDAQ:AAPL) got good news as far as price targets go. The tech giant got a bump from Jeffries, adn was trading at $

“[…] Apple Inc. (NASDAQ:AAPL) got its price target bumped up at Jeffries by about $8 to $120 a share. The firm reiterated its hold rating though, because it still believes that Google leads Apple in consumer cloud services,” reported Lee.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!