InterDigital Inc (IDCC)

[Desert dweller]

I surely don't understand Carpenter. What does he think the overall market will do over the next 12 months? His target price remains the same at 34-39. Even if we achieve only the lower end of his target, it is a 6% gain from yesterday's price, and his upper range is over 21% gain. Is he living in the late 90's where the overall market was going up by 20-30% per year. Having his target higher than today's, or yesterday's, price, and saying it is a sell is ludicrous IMO. I can understand his rationale for believing that licensing could be slow, but to maintain the price targets and rate a sell when we are trading lower than his target by 6-21% is stupid IMO.