Brean Capital Examines F1Q15 Earnings Preview For TiVo

In a report published Tuesday, Brean Capital analyst Todd Mitchell reiterated a Buy rating and $16.00 price target on

. In the report, Brean Capital noted, “Now is probably a good time to start thinking about TiVo again. Our editors informed us last week it had been over 60 days since we had written on TiVo. Really, since the acquisition of Digital Smiths in late-January, there has not been much to say, and this has been reflected in a stock price that has languished. However, we believe this is about to change. Behind the scenes, we believe TiVo's existing domestic customers have been accelerating deployment, which should drive another sequential jump in domestic net adds, and other operators, both domestically and abroad, are beginning to make decisions about their TV Everywhere (TVE) strategy, which opens the potential for TiVo to announce incremental distribution. "We believe continued strong deployment trends in its existing customer base, and the likely addition of new distribution, will reinvigorate investor interest in TiVo and have a positive impact on share prices. As a result, we reiterate our Buy rating and $16 target price.” TiVo closed on Monday at $12.08.