In a report released yesterday, Tal Liani from Bank of America Securities reiterated a Sell rating on InterDigital (IDCC – Research Report), with a price target of $55.00. The company’s shares closed yesterday at $74.53.
Liani covers the Technology sector, focusing on stocks such as Amdocs, Cisco Systems, and F5 Networks. According to TipRanks, Liani has an average return of 6.9% and a 53.14% success rate on recommended stocks.
InterDigital has an analyst consensus of Moderate Buy, with a price target consensus of $80.00.
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The company has a one-year high of $74.60 and a one-year low of $39.69. Currently, InterDigital has an average volume of 323.4K.
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InterDigital, Inc. engages in the design and development of technologies that enable and enhance wireless communications, and capabilities. It focuses on mobile technology and devices, which includes cellular wireless technology, Internet of Things, technology, video coding & transmission, sensor and sensor fusion technology. It also offers digital cellular and wireless products and networks, including 2G, 3G, 4G and IEEE 802-related products and networks. The company was founded by Seligsohn I. Sherwin in 1972 and is headquartered in Wilmington, DE.
Read More on IDCC:
- InterDigital Reports Fourth Quarter And Full Year 2022 Financial Results
- InterDigital wins third decision in 2023 from UK court in Lenovo dispute
- UK court rules in favor of Interdigital in patent litigation with Lenovo
- InterDigital, Inc. Increases Price Range for Tender Offer to Repurchase up to $200 Million of its Common Stock
- InterDigital raises price range for $200M buyback tender offer
