InterDigital Inc. (IDCC) PT Raised to $160 at Roth/MKM

Roth/MKM analyst Scott W. Searle raised the price target on InterDigital Inc. (NASDAQ: IDCC) to $160.00 (from $146.00) while maintaining a Buy rating.

The analyst comments "No near-term customer announcements, but IDCC raised its long-term ARR targets for CE/IoT and video streaming monetization to $200M (from $150M, by 2027) and $300M (by 2030, no prior target). Combined with Mobile, this totals a recurring sales target of ~$1B exiting 2030, versus prior targets of $650M (and our current of ~$500M existing 2025). Additionally, this translates to EPS power of $17+ versus our prior target of $10+ for mobile and CE/IoT in 3+ years. We are raising our PT and maintaining our Buy."

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