Analyst Rating Update on RPX Corporation (RPXC)

RPX Corporation (RPXC) has an average broker rating of 3, which is interpreted as a Hold, as rated by 3 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

RPX Corporation (RPXC) : 3 Wall Street analysts covering RPX Corporation (RPXC) believe that the average level the stock could reach for the short term is $11.33. The maximum price target given is $14 and the minimum target for short term is around $9, hence the standard deviation is calculated at $2.52.

Company shares have received an average consensus rating of Hold for the current week


RPX Corporation (NASDAQ:RPXC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.25 and $10.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.31, notching a gain of 12.43% for the day. The total traded volume was 782,388 . The stock had closed at $10.06 on the previous day.

RPX Corporation (RPX) helps companies reduce patent-related risk and expense by providing a subscription-based patent risk management solution. The Companys patent risk management solution facilitates exchanges of value between owners and users of patents compared to transactions driven by actual or threatened litigation. The core of its solution is defensive patent aggregation, in which it acquires patents and licenses to patents that are being or may be asserted against its and prospective clients. It then licenses these patent assets to its clients to protect them from potential patent infringement assertions. It also provides its clients with access to its patent market intelligence and data. The Company acquires patent assets from multiple parties, including operating companies, individual inventors, non-practicing entities (NPEs), universities and bankruptcy trustees.

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