InterDigital Inc (IDCC): I don't understand analyst ratings. How...

Reply Private New

Replies (1) Next 10 Prev Next

Send PM Follow Ignore

Followers	27
Posts	3920
Boards Moderated	0
Alias Born	01/02/2003

Desert dweller

Re: Paullee post# 230855

Saturday, 08/16/2008 10:02:01 AM

Saturday, August 16, 2008 10:02:01 AM

I don't understand analyst ratings. How can someone have a price target at $36 which is almost 40% above yesterday's close and have it rated a neutral? What kind of return does a stock have to have to get rated a buy LOL? His research is top notch and he understands the company more than anyone. Like I said, I just don't understand the overall conclusion. I am not saying he is wrong, just saying I don't understand the rating.

Message In Reply To:
Barron's today Price target 36

InterDigital - IDCC-NNM
Neutral - Price 24.89 on Aug. 11
by Hilliard Lyons

IDCC develops technology for advanced digital-wireless communications. Revenue of $58.7 million/EPS of 13 cents compared to our $59.1 million/11 cents estimate...We're positive on IDCC's ability to sign 3G licensing agreements with Samsung and Nokia....If a more attractive entry point [emerges], we'd consider [a rating] upgrade.Target: 36. Market cap: $1.1 billion.