In a rare occurrence, RIM's stock increased by 6 percent after a Goldman Sachs analyst raised her rating to a "Buy" and spoke positively about BlackBerry 10.
Simona Jankowski increased her rating on RIM stock to "Buy" from "Neutral" after stating that there's a "30 percent chance" BlackBerry 10 smartphones will be commercially successful.
Goldman Sachs also increased its 12-month price target for RIM shares from $9 to $16. Jankowski referred to early positive reviews for the upcoming mobile operating system and support among carriers who are looking for a third major ecosystem alongside iOS and Android. Over 50 carriers are currently testing the platform.
She believes RIM will finally report a profit in its fiscal year ending February, 2014. That said, the analyst expects the firm to return to losses the following year.