Oppenheimer analyst Ian Zaffino maintained a Buy rating on InterDigital (NASDAQ:IDCC) on Wednesday, setting a price target of $90, which is approximately 43.52% above the present share price of $62.71.
Zaffino expects InterDigital to post earnings per share (EPS) of $0.72 for the third quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in InterDigital, with an average price target of $95.
The analysts price targets range from a high of $100 to a low of $90.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $104.5 million and a net profit of $31.92 million. The company's market cap is $1.93 billion.
According to TipRanks.com, Oppenheimer analyst Ian Zaffino is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 0.9% and a 51.45% success rate.
InterDigital, Inc. engages in the design and development of technologies that enable and enhance wireless communications, and capabilities. It focuses on mobile technology and devices, which includes cellular wireless technology, Internet of Things, technology, video coding & transmission, sensor and sensor fusion technology. It also offers digital cellular and wireless products and networks, including 2G, 3G, 4G and IEEE 802-related products and networks. The company was founded by Seligsohn I. Sherwin in 1972 and is headquartered in Wilmington, DE.