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UPDATE: Lake Street Capital Markets Initiates Unwired Planet at Buy on Business Reconstitution


In a report published on Monday, Lake Street Capital Markets analyst Mark Argento initiated coverage on Unwired Planet (NASDAQ: UPIP) with a rating of Buy and a price target of $5.

In the report, Lake Street Capital Markets stated, "Over the last 18 months UPIP has shed its operating business, streamlined its costs structure and significantly increased its IP assets under management. In January, UPIP entered into a transformational deal with wireless technology powerhouse Ericsson to manage approximately 10% of Ericsson's IP assets. UPIP now has a massive wireless IP portfolio that we believe is significantly undervalued, largely as a result little visible monetization activity."

Unwired Planet closed on Friday at $1.88.

Latest Ratings for UPIP

Jun 2013Initiates Coverage onBuy
Feb 2013UpgradesNeutralBuy
Jan 2013UpgradesMarket PerformOutperform

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Posted-In: Lake Street Capital Markets Mark ArgentoAnalyst Color Initiation Analyst Ratings


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