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Colliers Securities Remains a Buy on InterDigital (IDCC)

Colliers Securities analyst Derek Soderberg reiterated a Buy rating on InterDigital (IDCCResearch Report) today and set a price target of $90.00. The company’s shares closed last Thursday at $67.92.

According to TipRanks.com, Soderberg is a 1-star analyst with an average return of -0.7% and a 43.2% success rate. Soderberg covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Lattice Semiconductor, and Digi International.

Currently, the analyst consensus on InterDigital is a Moderate Buy with an average price target of $90.00.

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The company has a one-year high of $85.75 and a one-year low of $60.02. Currently, InterDigital has an average volume of 149.2K.

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InterDigital, Inc. engages in the design and development of technologies that enable and enhance wireless communications, and capabilities. It focuses on mobile technology and devices, which includes cellular wireless technology, Internet of Things, technology, video coding & transmission, sensor and sensor fusion technology. It also offers digital cellular and wireless products and networks, including 2G, 3G, 4G and IEEE 802-related products and networks. The company was founded by Seligsohn I. Sherwin in 1972 and is headquartered in Wilmington, DE.

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