InterDigital Inc has a consensus price target of $110 based on the ratings of 5 analysts. The high is $160 issued by Roth MKM on September 11, 2024. The low is $80 issued by Jefferies on December 9, 2022. The 3 most-recent analyst ratings were released by Roth MKM, Jefferies, and B of A Securities on September 11, 2024, May 13, 2024, and April 1, 2024, respectively. With an average price target of $120 between Roth MKM, Jefferies, and B of A Securities, there's an implied -39.24% downside for InterDigital Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for InterDigital (NASDAQ:IDCC) was reported by Roth MKM on September 11, 2024. The analyst firm set a price target for $160.00 expecting IDCC to fall to within 12 months (a possible -18.99% downside). 3 analyst firms have reported ratings in the last year.
The latest analyst rating for InterDigital (NASDAQ:IDCC) was provided by Roth MKM, and InterDigital maintained their buy rating.
The last upgrade for InterDigital Inc happened on May 10, 2023 when B of A Securities raised their price target to $105. B of A Securities previously had an underperform for InterDigital Inc.
The last downgrade for InterDigital Inc happened on May 13, 2024 when Jefferies changed their price target from $106 to $100 for InterDigital Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of InterDigital, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for InterDigital was filed on September 11, 2024 so you should expect the next rating to be made available sometime around September 11, 2025.
While ratings are subjective and will change, the latest InterDigital (IDCC) rating was a maintained with a price target of $146.00 to $160.00. The current price InterDigital (IDCC) is trading at is $197.51, which is out of the analyst’s predicted range.
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