B.Riley FBR Reiterates Their Buy Rating on InterDigital (IDCC)

In a report released today, Eric Wold from B.Riley FBR reiterated a Buy rating on InterDigital (IDCCResearch Report), with a price target of $90.00. The company’s shares closed last Monday at $55.78.

According to TipRanks.com, Wold has 0 stars on 0-5 star ranking scale with an average return of -8.2% and a 33.9% success rate. Wold covers the Services sector, focusing on stocks such as National Cinemedia, Cinemark Holdings, and AMC Entertainment.

Currently, the analyst consensus on InterDigital is a Moderate Buy with an average price target of $97.00.

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The company has a one-year high of $74.03 and a one-year low of $47.02. Currently, InterDigital has an average volume of 275K.

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InterDigital, Inc. engages in the design and development of technologies that enable and enhance wireless communications, and capabilities. It focuses on mobile technology and devices, which includes cellular wireless technology, Internet of Things, technology, video coding & transmission, sensor and sensor fusion technology.