John Paczkowski over at All Things Digital took some time to look at Palm’s stock values before and after the Pre’s announcement. Shares hovered around $1 per just a few weeks ago, but with the unveiling of the Pre, and the excitement over the new webOS devices to come, stock prices have jumped to roughly $8.67 a share and seem to persist around that amount.
Analysts are even more hopeful, as Deutsche Bank’s Chris Whitmore and Jonathan Goldberg raised their estimated stock value from $10 to $12 yesterday. They feel that the value of webOS goes beyond the Pre, and expect that the excitement of future webOS devices will keep Palm’s recovery going. Even with the prospect of a bad launch of the Pre, Whitmore and Goldberg feel that webOS will still be enough to pull Palm out of the fire.
I try not to meddle in financial analysis, and I’m not even going to try to figure out why the predictions of success are so bold to warrant the inflated stock price ($12 seems a little high for a device that has no price or release date). This is just an interesting numbers game, but I’d still feel better if I knew how much I’ll be paying for my Pre on launch day.
[Via All Things Digital and Forbes]
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Due to technical difficulties, the audio portion of the video did not get captured.
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