Shares of BlackBerry are higher after Macquarie analyst Gus Papageorgiou laid out a case for the shares getting to $45. BlackBerry in midday trading is up 7%, or 66c, to $10.30. Papageorgiou, in a research note to investors last night, said it is "not hard to see" BlackBerry earning $2B of software revenue and $1.82 per share of earnings by its fiscal year 2020. The analyst assumes the company starts FY20 with 500,000 RADAR units in service, moving to 1.5M and averaging 1M units in service for the year at $20 per month and selling 1M hardware units at 50% gross margin. RADAR is an asset tracking device mounted to a trailer. Feedback from major BlackBerry customers on RADAR suggests "they are seeing a reduction in the amount of trailers needed to manage existing sales thanks to the more efficient use of the assets," Papageorgiou writes. He believes that with RADAR's ability to gather information such as load status, trucking companies may be able to use this data to enforce contracts and implement penalties. The analyst has an Outperform rating on BlackBerry with a 12-month price target of $11.80.