Palm stock rises above $10 after analyst predictions for Pre
Vivek Arva, an analyst for Merril Lynch has apparently just upgraded Palm to “Buy,” and expects a target for them to be $14 according to a post over at precentral.
Sprint obviously intends to push the Palm Pre like crazy in the hopes to spur fairly significant sales, and apparently he believes Sprint could ship 2.5 million Palm Pre smartphones in 09 and 6.2 million in 2010.
Of course these are simply analyst estimates and they are just shooting in the dark with those, but judging by those estimates it does look like the Palm Pre will be successful. And as of today Palm stock reflects this by finally jumping over the $10 mark.