InterDigital: $1 Billion Revenue Target Is Achievable:
InterDigital's latest deal with OPPO will contribute to its recurring revenue significantly ...
seekingalpha.com/article/4732621-interdigital-stock-1-billion-revenue-target-achievable-valuation-suggests-upside
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InterDigital Considers $1 Billion Revenue Goal AchievableIn the third quarter, InterDigital beat revenue estimates by $32.73 million and raised its full-year guidance.
Key FactsNov 4, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: seekingalpha.com
Summary created with AI assistance · Source: seekingalpha.com
- InterDigital generated $128.68 million in third-quarter 2024 revenue, beating estimates by $32.73 million.
- Adding OPPO as a strategic partner will significantly contribute to recurring revenue and expand the smartphone OEM portfolio.
- The company considers its $1 billion revenue target achievable and says it is well positioned to reach it.
- Despite gaining more than 50% year to date, the valuation model indicates 47% potential further upside.
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