Jefferies More Confident TiVo (TIVO) Will Win Favorable Rulings in Pending Patent Disputes

Following TiVo’s (NASDAQ: TIVO) $250 million patent settlement with Verizon, Jefferies analysts reiterated a Buy on TiVo with a price target of $14.00.

“With solid precedent and settlements totaling $1 billion, we are more confident the company will achieve favorable outcomes in similar, future trials with Motorola (owned by Google (Nasdaq: GOOG) and Cisco (Nasdaq: CSCO),” said analysts with Jefferies US Internet Team.

The early settlement will likely result in lower than-expected litigation expenses at Tivo in the second half of the year.

For an analyst ratings summary and ratings history on TiVo click here. For more ratings news on TiVo click here.

Shares of TiVo closed at $9.94 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• Cantor Fitzgerald Reiterates Overweight Rating on Merlin Labs (MRLN)