A judge ruled with TiVo (NASDAQ:TIVO) and did not change any meaningful definitions of a patent at the center of an infringement case pending against AT&T (NYSE:T), reported Forbes, citing a Lazard Capital note to investors.
The Lazard analyst thinks this may lead to a settlement with AT&T.
TiVo (NASDAQ:TIVO) has potential upside of 30.1% based on a current price of $10.34 and an average consensus analyst price target of $13.44.
TiVo should find initial support at its 200-day moving average (MA) of $9.66 and further support at its 50-day MA of $9.58.
In the last five trading sessions, the 50-day MA has climbed 0.61% while the 200-day MA has risen 0.26%.
TiVo Inc. provides a subscription-based service enabled by a personal video recorder. The Company's service allows viewers to locate and record multiple shows, control live television, choose viewing preferences, and access their customized lineup of shows. TiVo's service also serves as a platform to deliver television programming, advertising, and in-home commerce.