Maxim Group analyst Matthew Galinko maintained a Buy rating on Xperi Inc yesterday and set a price target of $13.00.
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Matthew Galinko’s rating is based on Xperi Inc.’s progress in expanding its media platform and improving operational efficiency. The company reported better-than-expected third-quarter results, with revenue surpassing estimates despite a year-over-year decline. This performance was largely driven by the growth in the Connected Car segment, which saw a significant increase in revenue, and the ongoing expansion of the TiVo One ad platform, which is on track to meet its user goals.
Additionally, Xperi has taken strategic steps to manage profitability, including workforce reductions, and has sufficient capital to support its operations and growth initiatives. The company’s valuation appears attractive, trading at a lower EV/EBITDA multiple compared to its peers, which supports the Buy rating. Galinko maintains a 12-month price target of $13, reflecting confidence in Xperi’s ability to monetize its growing user base and achieve its financial targets in the coming years.
According to TipRanks, Galinko is a 5-star analyst with an average return of 24.6% and a 41.79% success rate. Galinko covers the Technology sector, focusing on stocks such as DeFi Technologies, SEALSQ Corp, and Strategy.
In another report released yesterday, Craig-Hallum also maintained a Buy rating on the stock with a $9.00 price target.