The second notable adversary is Google Inc (NASDAQ:GOOG)’s Android. To speak the truth, Android has a head start in the smartphone mobile operating system race due to a wide selection of devices from a diverse range of partners. Samsung, for instance, is a leading Android smartphone seller.
Google’s Android therefore has contributed in no small part to its impressive stock performance. Some analysts are eying the $1,000 per share mark for the year. Additionally, research analysts at Cantor Fitzgerald raised their price objective on shares of Google Inc (NASDAQ:GOOG) from $900.00 to $1,030.00 in a recent report. The price target indicates a potential upside of 18.71%. Analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Google in a recent research note to investors. The company still has some way to go before it reaches its 52-week high of $920.60 per share, however, so this might be a chance to get in.
Samsung’s smartphone sales continue to accelerate. Sales totaled 64.5 million units, up 85.3% from the fourth quarter 2013. Samsung’s Galaxy line is very sleek in appearance and possesses a crisp design, sharp screen, and a very fast processor.
Samsung’s brand has overshadowed the Android brand in the mind of the consumer. The company’s resources and ability to create a wide market reach is a strength that no competitor can emulate for now. From a valuation standpoint, Samsung trades on the cheap side, with a price-to-sales ratio of 1.13. This is on top of its trailing price-to-earnings ratio of 8.57 and an earnings-per-share of 151.67. So I think Samsung could well be worth a look.
Summary
Research In Motion Ltd (NASDAQ:BBRY)’s main advantage is its reliability and innovation. With Blackberry 10, the company is giving its customers a value-driven product. If one adds the new Flurry Analytics to that equation, Research In Motion Ltd (NASDAQ:BBRY) is the epitome of convenience and a prospect for future revenue growth.
Research In Motion Ltd (NASDAQ:BBRY)’s stock has not been all of roses. Shares hit a 52-week low on September 24 last year, but they came roaring back to record a 52-week high of $18.32 in January. The stock is now trading around $14. I believe it will begin an upward trajectory as Blackberry 10 sales steadily rise. I also see stock positively reacting to growth in sales for Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG), Nokia Corporation (ADR) (NYSE:NOK), and Samsung.
Adetokunbo Abiola has no position in any stocks mentioned. The Motley Fool recommends Apple Inc. (NASDAQ:AAPL) and Google. The Motley Fool owns shares of Apple and Google Inc (NASDAQ:GOOG).
The article Blackberry Poised to Ride the Smartphone Market Higher originally appeared on Fool.com.
Adetokunbo is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.
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