Information Provided By:
Fly News Breaks for May 14, 2019
May 14, 2019 | 09:11 EDT
As previously reported, Dougherty upgraded Immersion to Buy from Neutral and established a $13 price target. Analyst Charles Anderson believes Immersion's deal announcement with Samsung and Sony Interactive Entertainment and new FY19 revenue guidance of $38.5M is a reasonable outcome and ends a very expensive litigation period. The analyst has increased confidence in Immersion's ability to realize $75M in annualized royalties, which should generate $30M in EBITDA, and raised estimate to account for incremental contribution. .
News For IMMR From the Last 2 Days
There are no results for your query IMMR