InterDigital (IDCC) Receives Price Target

InterDigital (IDCC) : The highest short term price target forecast on InterDigital (IDCC) is $73 and the lowest target price is $60. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $66.33 with a standard deviation of $6.51.

InterDigital (IDCC) : 3 analysts are covering InterDigital (IDCC) and their average rating on the stock is 2, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. InterDigital (IDCC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


InterDigital (NASDAQ:IDCC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.47 and $70.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.53, notching a gain of 0.17% for the day. The total traded volume was 430,094 . The stock had closed at $71.41 on the previous day.

InterDigital, Inc. (InterDigital) designs and develops advanced technologies for wireless communications. The Company has designed and developed a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802 related products and networks. The Company is engaged in developing cellular technologies, including those related to code division multiple access (CDMA) and time division multiple access (TDMA) and orthogonal frequency division multiplexing/ orthogonal frequency division multiple access (OFDM/OFDMA) and multiple input multiple output (MIMO). The Companys wireless background includes engineering and corporate development activities that focus on solutions that apply to other wireless market segments.

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