William Blair analyst Arjun Bhatia has maintained their bullish stance on IDCC stock, giving a Buy rating on November 18.
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Arjun Bhatia has given his Buy rating due to a combination of factors related to InterDigital’s recent legal victories and potential for revenue growth. The company has secured favorable rulings in Germany and Brazil against Disney for patent infringements, which have positively impacted its stock performance. These legal successes suggest a promising path towards monetizing their streaming technology patents, as InterDigital is actively pursuing litigation against other major players like Amazon and engaging in discussions with additional streaming providers.
Furthermore, InterDigital’s stock appears attractive due to its potential for growth in various markets. The company is trading at a valuation that reflects significant opportunities in the smartphone and consumer electronics sectors, as well as the rapidly advancing licensing prospects with streaming video platforms. These factors contribute to a positive outlook, supporting Bhatia’s Buy recommendation for the stock.
In another report released on November 18, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $383.00 price target.