Xperi hits over 7-month high as Rosenblatt initiates with 'buy'
13/06/2023 19:01
** Shares of consumer and entertainment technology company
Xperi Inc XPER.N rise 9.7% to $13.4, their highest in over
seven months
** Brokerage Rosenblatt Securities initiates coverage on
stock with "buy" rating and $15 PT
** Company to benefit from recent launch of its TiVo OS, a
TV operating system focussed on ad-supported video-on-demand
content to drive advertising, says Rosenblatt
** Roll out of AutoSense, a car safety platform, also has
potential to drive material incremental revenue and margin
expansion - brokerage
** Four of 5 analysts rate the stock "buy" or higher, 1
"hold"; median PT $15 – Refinitiv
** Including session's gains, stock up ~56% YTD
(Reporting by Sruthi Narasimha Chari in Bengaluru)
((Sruthinarasimha.chari@thomsonreuters.com))