Roth MKM raised the firm’s price target on InterDigital to $132 from $119 and keeps a Buy rating on the shares after the company reported “modest upside” to its positively pre-announced Q4 results and “significantly” increased guidance for 2024. The company remains on pace to exit 2024 with sales tracking toward its $650M target with recurring EPS north of $6.00, says the firm, which believes that InterDigital remains on track to hit about $10 of EPS under its target three-plus year model.
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