- BofA analyst Tal Liani initiated coverage of InterDigital ( IDCC ) with an Underperform rating.
- The R&D and patent provider within the wireless, video, and AI industries has a robust recurring revenue model from charging fixed-fee rates for access to its patent portfolio, said Liani,
- The analyst models growth to decelerate to only 2% in 2022/23 as growth is largely a function of new customer deals.
- He also expect solid 5G growth, but remains cautious on the long-term runway, arguing that valuation and long-term growth catalysts remain concerns.
- InterDigital's SA Quant Rating says Buy whereas, Wall St. Analysts Rating stands with Strong Buy (1 Very Bullish, 1 Bullish).
- Since the start of 2022, InterDigital's shares were down around 20% , and over a period of one year, shares were down around 10% .
- Shares are currently -7.65% to $58.09 today.
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InterDigital initiated with an Underperform at BofA