RIM @ $63.75 and RBC

RBC Analysis said this morning that RIM is expected to be "Outperform" (a buy rating) and have set a price target of $75 (sound familiar? It's what I had as my upper bound for a sell target). A price of $75 implies a PE of 19 (which implies people expect heavy growth).

I'm not sure if I would endorse chasing the stock up, but people seem to be optimistic. However, key notes to address before you buy:

Understand that RBC isn't entirely neutral when it comes to RIM. After all, RBC manages RIM's newly created Venture Partners fund and they have a fairly strong relationship (not sure what percentage of RBC funds are composed of RIM stock).

I'd say if you have it hold it. I don't know that I would buy to get in.