TiVo Price Target Raised to $18.00 at MKM Partners (TIVO)
Stock analysts at MKM Partners upped their price objective on shares of TiVo (NASDAQ:TIVO) from $15.00 to $18.00 in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. MKM Partners’ price objective suggests a potential upside of 29.50% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets reiterated a “market perform” rating on shares of TiVo in a research note on Wednesday. They now have a $12.00 price target on the stock, up previously from $11.00. Separately, analysts at S&P Equity Research raised their price target on shares of TiVo from $8.12 to $10.32 in a research note on Thursday, August 14th. They now have an “average” rating on the stock. They noted that the move was a valuation call. Finally, analysts at TheStreet upgraded shares of TiVo to a “buy” rating in a research note on Thursday, August 14th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $21.22.
TiVo (NASDAQ:TIVO) traded up 1.12% on Wednesday, hitting $14.0557. 923,017 shares of the company’s stock traded hands. TiVo has a 1-year low of $11.03 and a 1-year high of $14.25. The stock’s 50-day moving average is $13.49 and its 200-day moving average is $12.74. The company has a market cap of $1.614 billion and a P/E ratio of 6.63.
TiVo (NASDAQ:TIVO) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.01. The company had revenue of $86.60 million for the quarter, compared to the consensus estimate of $87.72 million. During the same quarter in the previous year, the company posted $1.96 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts expect that TiVo will post $0.28 EPS for the current fiscal year.
TiVo Inc (NASDAQ:TIVO), a developer and provider of software and technology that enables the search, navigation, and access of content across sources, including linear television, on-demand television, and broadband video.
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