TiVo (TIVO) Momentum On Track, Thinks Goldman Sachs

February 27, 2013 12:53 PM EST
Get Alerts TIVO Hot Sheet
Price: $11.34 --0%

Rating Summary:
    12 Buy, 15 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Yesterday TiVo, Inc. (NASDAQ: TIVO) reported Q4 EPS of ($0.13), $0.02 worse than the analyst estimate of ($0.11). Service and technology revenues were $65.7 million, which was the highest in TiVo's history. This compared to guidance of $63 million to $65 million and $50 million for the same quarter last year. Looking forward, TiVo sees FY2013 revenue of $60-62 million.

Commenting on the news, analyst Perry Huang of Goldman Sachs said, "We maintain our Buy rating and $15 12-month price target as we see subscriber growth / pipeline, the potential for favorable litigation, and improving profitability as catalysts for the shares.”

For an analyst ratings summary and ratings history on TiVo (NASDAQ: TIVO) click here. For more ratings news on TiVo click here.

Shares of TiVo closed at $12.42 yesterday.

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