In a report released today, Eric Wold from B.Riley FBR reiterated a Buy rating on InterDigital (IDCC – Research Report), with a price target of $80.00. The company’s shares closed last Monday at $54.52.
According to TipRanks.com, Wold is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.3% and a 36.1% success rate. Wold covers the Services sector, focusing on stocks such as National Cinemedia, Cinemark Holdings, and AMC Entertainment.
InterDigital has an analyst consensus of Moderate Buy, with a price target consensus of $92.00.
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 278.8K.
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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.