In a report released today, Eric Wold from B.Riley FBR maintained a Buy rating on TiVo Corporation (NASDAQ: TIVO), with a price target of $19. The company’s shares closed yesterday at $13.70.
Wold noted:
“We continue to apply an 8.5x multiple to our 2019 adjusted EBITDA estimate (further adjusted for ASC 606 impacts) + the estimated value of the $1.0B+ of NOLs. This yields a PT of $19.00.”
According to TipRanks.com, Wold is a 4-star analyst with an average return of 7.3% and a 55.8% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.
TiVo Corporation has an analyst consensus of Strong Buy, with a price target consensus of $22.67.
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The company has a one-year high of $20.18 and a one-year low of $12.25. Currently, TiVo Corporation has an average volume of 1.09M.
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TiVo Corp. provides entertainment technology, software, and services. It operates through two segments: Intellectual Property Licensing and Product.
