Investors have taken a second look at RIM's prospects and have given the company a vote of confidence, sending the company's stock price up 55% in the past 30 days.
[More from Mashable: RIM to Launch BlackBerry 10 Jan. 30]
The optimism, which includes a one-day rally Friday that boosted the company's stock price 14%, appears to be based on early reviews of the company's upcoming BlackBerry 10 mobile platform. RIM has shipped two devices based on BlackBerry 10 to 50 wireless carriers, according to The Wall Street Journal. Analysts, reporters and some customers have also seen prototypes of the new phones, which are set to hit the market on Jan. 30.
Some financial analysts like what they see. For instance, CIBC World Markets analyst Todd Coupland wrote a note to clients Monday arguing that RIM is "materially undervalued." Coupland raised his target price for the company to $17 a share from $8. (The stock is currently trading at around $12.) Coupland reasoned that a large portion of RIM's 80 million customers will upgrade. He estimates that RIM will ship 41.4 million phones in fiscal 2014 vs. 30.2 million in fiscal 2013, which will end in March.
[More from Mashable: The Real Story Behind RIM’s Musical Love Letter to Developers]
National Bank’s Kris Thompson, meanwhile, told Bloomberg that he believes RIM will ship about 35.5 million BlackBerry 10 units next fiscal year. If the analysts are correct, RIM will have executed a comeback after its market share had been beaten back over the past few years by Apple's iOS and Google's Android platform.
One of the two devices that will be shown on Jan. 30 could be a touchscreen phone codenamed London that surfaced in September 2012. Rumors claim it sports a 1.5GHz dual-core processor, 1GB of RAM, 16GB of storage memory and an 8-megapixel camera. Details about pricing for the items have not yet been disclosed.
BlackBerry 10 Lock Screen
You unlock a BlackBerry 10 device by swiping up from the bottom of the screen.
This story originally published on Mashable here.