PALM: Don't Call It A Comeback; We've Been Here For Years!
RBC analyst Mike Abramsky called the trio of the best smart phone makers on the market "the new world order" includes Apple, RIM, and Palm, and said that they are are positioned for leadership in the cell phone industry, thus sending estimates and price targets higher for all three companies.
- Apple price target jacked to $250 from $190, FY11 estimates $50.3 billion revenue (18% y/y growth) and $8.25 EPS on 49.3 million iPhones. Near-term estimates raised, too.
- RIM price target jacked to $150 from $100, FY11 estimates $21.2 billion revenue (32% y/y growth) and $5.43 EPS. Near-term estimates raised, too.
- Palm price target jacked to $25 from $18, FY11 eatimates $3.2 billion revenue (52% y/y growth) and $0.75 non-GAAP EPS. Near-term estimates raised, too.
Why Palm? The company has near-term challenges but the "special sauce to lead", Abramsky says, including WebOS platform.










Tony Peric





