Market Overview

UPDATE: Jefferies Reiterates Buy Rating, Raises PT on TiVo Ahead of Motorola Trial

Share:
Related TIVO
When Will Apple Buy A Big Company?
The Market In 5 Minutes: May, She Will Stay

In a report published Tuesday, Jefferies analyst Brian Fitzgerald reiterated a Buy rating on TiVo (NASDAQ: TIVO), and slightly raised the price target from $16.00 to $17.00.

In the report, Jefferies noted, “The core biz continues to improve with record MSO sub gains driving Adj. EBITDA profitability (well ahead of guidance). With the Motorola trial slated for June 10-14, investors should expect a settlement / verdict / award announcement within the next four weeks. A $1B settlement equates to ~$6+ / share.”

TiVo closed on Monday at $12.66.

Latest Ratings for TIVO

DateFirmActionFromTo
Dec 2015BarclaysMaintainsEqual-weight
Mar 2015MacquarieInitiates Coverage onOutperform
Mar 2015BarclaysMaintainsEqual-weight

View More Analyst Ratings for TIVO
View the Latest Analyst Ratings

Posted-In: Brian Fitzgerald JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (TIVO)

View Comments and Join the Discussion!