The Wall Street firm said the telecom company has a robust pipeline, and a growing total addressable market.
It's time to buy InterDigital after its strong first-quarter results , according to Bank of America. Analyst Tal Liani double upgraded InterDigital to buy from underperform, saying the developer of 5G technology has a robust pipeline and a growing total addressable market that should drive upside for the stock.
7 million for a license on its telecommunications patents, a ruling that could work in InterDigital's favor with other companies. "InterDigital is currently in binding arbitration with Samsung and recently received a favorable ruling in the Lenovo case," read the note. "The company already recognizes these revenues, though at a conservative level, and could see some upside once the cases finalize.
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