B.Riley FBR analyst Eric Wold maintained a Buy rating on TiVo Corporation (TIVO) today and set a price target of $18. The company’s shares closed yesterday at $6.76, close to its 52-week low of $6.63.
Wold wrote:
“We are revisiting TiVo Corporation (TIVO) ahead of an initial determination that is anticipated from the International Trade Commission (ITC) next the continued patent licensing dispute between TIVO and Comcast (CMCSA). While acknowledging that anticipated ITC decision dates have the potential to be delayed, we are taking this opportunity to highlight how this decision may be different from the one that came in 2017 and how it could impact the valuation for TIVO shares in the shorter and longer term.”
According to TipRanks.com, Wold is ranked 0 out of 5 stars with an average return of -7.0% and a 30.0% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
Currently, the analyst consensus on TiVo Corporation is a Moderate Buy with an average price target of $18.
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The company has a one-year high of $15 and a one-year low of $6.63. Currently, TiVo Corporation has an average volume of 1.14M.
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TiVo Corp. provides entertainment technology, software, and services. It operates through two segments: Intellectual Property Licensing and Product.
