Analysts Offer Insights on Technology Companies: TiVo Corporation (TIVO), Boingo Wireless Inc (WIFI) and Lyft Inc Class A (LYFT)


There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on TiVo Corporation (TIVO), Boingo Wireless Inc (WIFI) and Lyft Inc Class A (LYFT) with bullish sentiments.

TiVo Corporation (TIVO)

B.Riley FBR analyst Eric Wold reiterated a Buy rating on TiVo Corporation today and set a price target of $23. The company’s shares closed yesterday at $9.04, close to its 52-week low of $8.73.

Wold commented:

“TiVo Corporation (TIVO) is scheduled to report 1Q19 results after the close on a call at 5:00pm ET. Given our recent move to model, what we consider to be, more conservative “base case” projections for TIVO (which exclude any meaningful contributions from ACP , NRE, advertising, hardware or catch-up revenues), we remain comfortable with our 1Q19 and full-year estimates and see a bias for upside. Nevertheless, we acknowledge that quarterly results should continue to take a backseat to any updates around the strategic review process and ongoing litigation with Comcast (CMCSA).”

According to TipRanks.com, Wold is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -4.3% and a 39.6% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TiVo Corporation with a $23 average price target.

See today’s analyst top recommended stocks >>

Boingo Wireless Inc (WIFI)

In a report released yesterday, Greg Gibas from Northland Securities initiated coverage with a Buy rating on Boingo Wireless Inc and a price target of $30. The company’s shares closed yesterday at $24.16.

Gibas said:

“We are assuming coverage of WIFI with an Outperform rating and $30 PT. We believe that Boingo is and will continue to be the leading operator of indoor and outdoor DAS and WiFi networks, and expect the company’s three core segments (DAS, Military / Multi-Family, and Wholesale WiFi) to continue to drive growth in 2019 and beyond, as the result of a number of major tailwinds.”

Currently, the analyst consensus on Boingo Wireless Inc is a Strong Buy with an average price target of $28.50.

Lyft Inc Class A (LYFT)

In a report released today, Scott Devitt from Stifel Nicolaus maintained a Buy rating on Lyft Inc Class A, with a price target of $68. The company’s shares closed yesterday at $60.94, close to its 52-week low of $55.56.

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 22.1% and a 71.0% success rate. Devitt covers the Technology sector, focusing on stocks such as Paypal Holdings, Eventbrite Inc, and Alphabet Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lyft Inc Class A with a $66 average price target.

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