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Goldman Sachs resumes BlackBerry (Stock) Coverage

As of last Friday, Blackberry’s share price has risen over 37% since the start of the year, and the stock fetched a multiple of 4 times NTM EV/Sales. However, that has not stopped Goldman Sachs from giving BlackBerry a Sell rating and 10% downside to its price target of $8.50. BlackBerry has a 52-week trading range of $6.65 to $11.74 and a consensus analyst price target of $9.60. Continue reading