BWS Financial analyst Hamed Khorsand maintained a Buy rating on Adeia (ADEA – Research Report) today and set a price target of $18.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Hamed Khorsand’s rating is based on several strategic developments and financial metrics that position Adeia favorably in the market. The company has successfully secured multiple new licenses, including agreements with a social media platform and a semiconductor company, which are expected to strengthen its revenue base for the upcoming year. Additionally, the signing of a US professional sports team for a license related to online video streaming underscores the value and applicability of Adeia’s intellectual property portfolio.
Adeia’s expansion into over-the-top (OTT) services and its licensing agreements with approximately 90 percent of global social media companies highlight its growing influence in the industry. Furthermore, the company generated $57.1 million in cash flow from operations, which has been strategically utilized to enhance shareholder value. Despite these positive developments, the stock remains undervalued at $12, suggesting potential for growth, which supports Khorsand’s Buy rating.