Xperi (XPER): TiVo Stream 4K Now at Wal-Mart - BWS Financial
BWS Financial analyst Hamed Khorsand reiterated a Buy rating and $26.00 price target on Xperi (NASDAQ: XPER) on the availability of the TiVo Stream 4K at Wal-Mart (NYSE: WMT) stores. Previously, TiVo Stream 4K was only available online and directly from Tivo.com.
"It could suggest the device is now ready for the mass market after a series of firmware updates since being
introduced," the analyst commented. "The stability of the software running the device was an issue at first. We believe much of these issues are now in the past and allowed XPER to sell the device at WMT."
Shares of Xperi closed at $11.38 yesterday.