With the release of the Pre on everyone's mind, Palm has been taking advantage of the hype on Wall Street, where BusinessWeek reports that Palm stock has doubled since the end of 2008. And this is in the face of a recession and decline, which saw the Dow Jones plummet 9.5 percent. Finishing the 2008 year down 52 percent at $3.07, Palm shares have most recently drifted above the $8 mark (as of this posting, shares are valued at a whopping $8.33 - see current values). With such a strong showing on the market, analyst Matthew Sheerin of Thomas Weisel Partners predicts further profit for the 2009 year, of $1.75 per share.
The analyst said the "'wow' factor of the Pre (and the WebOS operating system), positive press acceptance -- essentially the opposite of RIM's Storm -- and an upcoming massive marketing campaign should set Palm up for a strong second half to 2009."
A similar trend happened in the case of Apple stocks, which soared when the iPhone was released. If the Pre lives up to the hype, shareholders will have lots of good things to look forward to. You can also keep up-to-date on your Palm investments via Investor Relations.
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