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UPDATE: Goldman Sachs Initiates TiVo at Buy; Firing on All Cylinders

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Goldman Sachs initiated coverage on TiVo (NASDAQ: TIVO) with a Buy rating and a $15 price target.

Goldman Sachs commented, "We view TiVo as a leading vendor well positioned to target consumers who desire a premium viewing experience in the digital living room and on mobile devices. With the pieces of the profitability puzzle falling into place (improving churn for its TiVo-owned subscribers, a positive inflection for its MSO subscriber base ex-Virgin Media, continued traction with Virgin Media, and recently signed distribution deals), along with R&D cost controls, we see a reasonable foundation for management's adjusted EBITDA profitability goal for FY14 and beyond."

TiVo closed at $12.43 on Thursday.

Latest Ratings for TIVO

DateFirmActionFromTo
Jun 2016MKM PartnersDowngradesBuyNeutral
Dec 2015BarclaysMaintainsEqual-Weight
Mar 2015MacquarieInitiates Coverage onOutperform

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View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Initiation Intraday Update Analyst Ratings

 

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