B.Riley FBR analyst Eric Wold reiterated a Buy rating on TiVo Corporation (NASDAQ: TIVO) today and set a price target of $23. The company’s shares closed yesterday at $11.04, close to its 52-week low of $10.46.
Wold noted:
“TiVo Corporation (TIVO) is scheduled to report 3Q18 results after the close on Wednesday, 11/7, with a conference call at 5:00pm ET. While we are comfortable with our revenue estimate and see upside to our below-consensus EPS estimate, we believe investors are more squarely focused on the ongoing IP dispute with Comcast (CMCSA) as well as the potential for an outcome to the strategic review process.”
According to TipRanks.com, Wold is a 4-star analyst with an average return of 7.6% and a 48.6% 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 $23.
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The company has a one-year high of $19.48 and a one-year low of $10.46. Currently, TiVo Corporation has an average volume of 912.4K.
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TiVo Corp. provides entertainment technology, software, and services. It operates through two segments: Intellectual Property Licensing and Product.
