InterDigital Inc (IDCC)

[olddog967]

FanOfspringsteen: Without seeing the analysts’ reports, no idea what calculations were used to justify their price targets. Below is an early June comment about B. Riley analyst Eric Wold, when he reiterated his buy rating with a $100 target (IDCC price was around $82 at the time). As described, his reasoning is more about possible future happenings, rather than something specific.

“The analyst believes the combination of meaningful past royalty payment obligations (which only grow each day), the acquisition of Hillcrest Labs and direct license agreements with Huawei and Apple provides IDCC with attractive negotiating leverage to get the remaining handset OEMs under license – which should drive a significant upside bias to forward projections and potential for share appreciation.”

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