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Analyst confident about Palm-Verizon partnership
No comments · Posted by admin in Palm Pre Plus, Verizon Wireless
Palm got another shot in the arm after an analyst said he thinks Palm can ship 600,000 webOS-based devices through Verizon Wireless in the current quarter. He also said it is possible that Palm will eclipse Research in Motion’s BlackBerry platform and Google’s Android OS in developer support by the end of this year.
The analyst, Jonathan Goldberg of Deutsche Bank, raised his price target on Palm’s stock, which was recently trading up 5.4 percent to $11.11 per share. Calling webOS a “scarce resource,” Goldberg said in a research note that Palm’s App Catalog already has 1,300 apps, more than in app stores by Nokia and Microsoft. “We think Palm has created a valuable asset in its webOS. If they can grow their installed base of users and keep the carrier momentum going, this value should become more apparent,” he said.
Read more: fiercewireless
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