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William Blair Sticks to Their Buy Rating for InterDigital (IDCC)

William Blair Sticks to Their Buy Rating for InterDigital (IDCC)

In a report released today, Arjun Bhatia from William Blair maintained a Buy rating on InterDigital (IDCC – Research Report). The company's shares closed today at $221.94.
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According to TipRanks, Bhatia is a 4-star analyst with an average return of 3.8% and a 50.54% success rate. Bhatia covers the Technology sector, focusing on stocks such as InterDigital, Five9, and Atlassian.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for InterDigital with a $235.50 average price target.
Based on InterDigital's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $210.51 million and a net profit of $115.6 million. In comparison, last year the company earned a revenue of $263.54 million and had a net profit of $81.65 million
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