Extremely significant positive changes in InterDigital Inc (NASDAQ: IDCC) investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
InterDigital Inc (NASDAQ: IDCC) has benefited from meaningful positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, and the consensus estimate for December, 2023 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, IDCC is expected to continue to be a major Value Builder.
InterDigital has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. InterDigital has a poor Appreciation Score of 26 but a very high Power Rating of 88, triggering the High Neutral Value Trend Rating.
Recent Price Action
On 11/10/23, InterDigital Inc (NASDAQ: IDCC) stock enjoyed a large increase of 2.8%, closing at $88.29. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.6% during the last week.
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