Barclays Reiterates an 'Overweight' on RPX Corp (RPXC); Solid Q4; In-line 2012 Guidance
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Price: $10.48 --0%
Rating Summary:
2 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays reiterates an 'Overweight' on RPX Corp (NASDAQ: RPXC) price target raised from $17 to $22.
Analyst, Darrin D. Peller, said, "While shares have meaningfully outperformed year-to-date (up 48% vs. the S&P up 8%), we continue to see the underlying IP sector as one of sustainable secular growth and think the network effect embedded in RPXC's model soundly positions the company to further grow its membership base as operating companies seek the benefits of the company's patent risk management solution."
Peller also makes positive mention of the recently announced arrangement with Alcatel-Lucent (NYSE: ALU) (in which RPXC will build a syndicate amongst its members for Alcatel-Lucent's open-market licensing process). Raises FY EPS estimate from $0.78 to $0.85)
For an analyst ratings summary and ratings history on RPX Corp click here. For more ratings news on RPX Corp click here.
Shares of RPX Corp closed at $18.66 yesterday.
Analyst, Darrin D. Peller, said, "While shares have meaningfully outperformed year-to-date (up 48% vs. the S&P up 8%), we continue to see the underlying IP sector as one of sustainable secular growth and think the network effect embedded in RPXC's model soundly positions the company to further grow its membership base as operating companies seek the benefits of the company's patent risk management solution."
Peller also makes positive mention of the recently announced arrangement with Alcatel-Lucent (NYSE: ALU) (in which RPXC will build a syndicate amongst its members for Alcatel-Lucent's open-market licensing process). Raises FY EPS estimate from $0.78 to $0.85)
For an analyst ratings summary and ratings history on RPX Corp click here. For more ratings news on RPX Corp click here.
Shares of RPX Corp closed at $18.66 yesterday.
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