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 $90.00. The company’s shares closed last Monday at $61.82.
According to TipRanks.com, Wold ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.2% and a 40.4% success rate. Wold covers the Services sector, focusing on stocks such as National Cinemedia, Cinemark Holdings, and AMC Entertainment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for InterDigital with a $90.00 average price target.
Based on InterDigital’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $2.23 million. In comparison, last year the company had a net profit of $1.83 million.
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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.