Gilford Securities Reiterates Buy Rating, $65 PT on VirnetX Holding Corporation
In a report published Wednesday, Gilford Securities reiterated its Buy rating and $65.00 price target on VirnetX Holding Corporation (NYSEAMEX: VHC).
Gilford Securities noted, “In our opinion, investors should view VirnetX's recent legal success as a necessary step towards the formation and development of its core licensing IP-based model. While defending its technology was/is required, the company, its management team and the Board do not intent to base its foundation on a litigious model - despite comparisons to other IP models focused heavily on litigation, we believe VirnetX's efforts to establish licensing arrangements will be the primary focus as we enter 2013.”
VirnetX Holding Corporation closed on Tuesday at $32.18.
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