"It's more of a go-with-the-flow call. We're following the money," said Thompson, who underscored that his call was not based on fundamentals, but on a recent flow of investment funds into RIM's battered shares.
"We don't want to bet against the dollars flowing to the stock," he said. "If the BB10 gets good reviews upon launch, it's off to the races."
Should RIM's device be embraced by the marketplace, "we wouldn't be surprised at all to see this at $25 to $30 even next year," Thompson added.
The BlackBerry was once the market's leading smartphone, epitomizing professional status before technology glitches — and the lack of "cool" cachet associated with the iPhone — caused it to fall far behind the competition.
Recently, RIM CEO Thorsten Heins described the new BlackBerry as a "mind changing" experience, adding that smartphone users would take heart in the new features and design. (Read More: New BlackBerry 10 a 'Mind-Changing' Experience: RIM CEO)
Although his call was based on the stock's recent turn higher instead of long-term value, Thompson nonetheless believes RIM can capitalize on a successful placement of its new Blackberry.
"It's a speculative investment going into the BB10 launch, and then they need to deliver and we need to have a good BB10 experience," he added.
—By CNBC.com's Javier E. David
Additional News: RIM Plots January Launch of BlackBerry 10
Additional Views: Not Much Hope in RIM Bounce Long-Term: Analyst
CNBC Data Pages:
Thompson owns no shares of RIM, and has no investment banking conflicts with the company.