In a report released yesterday, Eric Wold from B.Riley FBR reiterated a Buy rating on TiVo Corporation (TIVO), with a price target of $18. The company’s shares closed yesterday at $7.44, close to its 52-week low of $6.63.
Wold said:
“We remain optimistic that it is only a question of “when” and not “if” a Comcast settlement/license occurs. And with TIVO shares, in our opinion, pricing in less than a zero probability of an eventual settlement/license, we believe they remain attractive and are reiterating our Buy rating and $18 PT.”
According to TipRanks.com, Wold is ranked 0 out of 5 stars with an average return of -7.3% and a 29.6% 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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Based on TiVo Corporation’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $26.64 million. In comparison, last year the company had a GAAP net loss of $19.01 million.
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TiVo Corp. provides entertainment technology, software, and services. It operates through two segments: Intellectual Property Licensing and Product.
