Analyst Hamed Khorsand of BWS Financial maintained a Buy rating on Xperi Inc (XPER – Research Report), retaining the price target of $30.00.
Hamed Khorsand’s rating is based on a comprehensive evaluation of Xperi Inc’s recent advancements and strategic positioning in the market. The company has made significant strides in product placement, particularly with the addition of a Japanese TV brand that has incorporated TiVo into its television line. This progress is expected to catalyze revenue growth in the latter half of 2024. Despite a current shortfall in first quarter revenue, compounded by a decline in the Pay TV segment, Xperi’s expansion into IPTV and broadband services is anticipated to compensate for the losses from traditional pay TV services as the year unfolds.
Moreover, the company has achieved several design wins in the connected car and media platform segments over recent quarters, which have started to generate revenue. This consistent success in securing product placements underscores the rationale for selecting Xperi Inc as a Top Pick. While the time lag between design wins and revenue realization has required patience, the unfolding results support the optimistic outlook, justifying the Buy rating assigned by Khorsand.
In another report released today, Craig-Hallum also maintained a Buy rating on the stock with a $15.00 price target.
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Xperi Inc (XPER) Company Description:
Xperi Inc invents, develops, and delivers technologies that enable experiences. In the home, in the car, and on the go, it manages content and connections. Its offering comprises a portfolio of software and services. Its business is divided into four categories based on the products delivered and customers served: Pay-TV, Consumer Electronics, Connected Car, and Platform Solutions.
