Jefferies Group reiterated their buy rating on shares of TiVo (NASDAQ: TIVO) in a research note issued to investors on Wednesday. The firm currently has a $16.00 target price on the stock, up from their previous target price of $15.00.
“With limited new disclosure about the important upcoming Motorola trial (May), our primary takeaway is the continued improvement of the underlying business. Mgmt reaffirmed its goal of achieving Adj. EBITDA profitability including litigation expense in the current fiscal year. For the qtr, revs beat our ests but EBITDA saw modest pressure from litigation costs. Given the prior $1B+ in awards, we think this is money well spent.,” Jefferies Group’s analyst wrote.
TIVO has been the subject of a number of other recent research reports. Analysts at Brean Murray reiterated a buy rating on shares of TiVo in a research note to investors on Wednesday. They now have a $15.00 price target on the stock. Separately, analysts at Zacks upgraded shares of TiVo from a neutral rating to an outperform rating in a research note to investors on Tuesday, February 19th. They now have a $16.00 price target on the stock.
TiVo traded up 2.44% on Wednesday, hitting $12.6825. TiVo has a 52-week low of $7.75 and a 52-week high of $13.49. The stock’s 50-day moving average is currently $12.65. The company’s market cap is $1.593 billion.
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