InterDigital Inc (IDCC)

[Limejuice22]

B. Riley FBR boosts InterDigital target to $90 from $80, sees path to over $200 B. Riley FBR analyst Eric Wold sees the potential for InterDigital to quadruple its EBITDA over the next three-to-five years as its end-market penetration continues, pushing the shares above $200. The recent combination of license pricing frameworks for the consumer electronics space, along with positive policy changes and legal rulings, help to boost visibility into accelerating EBITDA and free cash flow growth over the next few years, Wold tells investors in a research note. The analyst recommends adding to InterDigital positions at current levels with the company "somewhat under the radar to most investors." He raised his price target for the stock to $90 from $80 and reiterates a Buy rating on the name.

Read more at:
https://thefly.com/landingPageNews.php?id=3018452

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