RBC Capital analyst Amit Daryanani reiterated a Buy rating on Xperi Corporation (NASDAQ: XPER) today and set a price target of $22. The company’s shares closed yesterday at $16.30, close to its 52-week low of $15.60.
According to TipRanks.com, Daryanani is a top 25 analyst with an average return of 25.5% and a 82.9% success rate. Daryanani covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Ichor Holdings Ltd, and Texas Instruments.
Xperi Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $24, which is a 47.2% upside from current levels. In a report issued on July 31, B.Riley FBR also assigned a Buy rating to the stock with a $26 price target.
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Xperi Corp. is a product and technology licensing company, which manufactures semiconductors and related products. It operates through Product Licensing and Semiconductor and IP Licensing segments. The Product Licensing segment is comprised of Audio and Imaging businesses of the company, which it licenses through the brands DTS, HD Radio and FotoNation.