Is TiVo’s Stock Price On The Rise?
JMP Securities LLC analyst Ingrid Ebeling gave TiVo a “Market Outperform” rating and an $8 price target.
She is optimistic on the company’s deal with Comcast to serve as a software-only provider of the TiVo interface that resides on cable operators’ digital video recorders. The TiVo-Comcast deal is set to debut in select markets in late spring or early summer.
I think that the Comcast partnership is a big deal. In fact, I wouldn’t be surprised to see other cable companies partner up with TiVo once Comcast starts to roll out TiVo software on their DVRs. I know from personal experience how horrible the default set top box software is. TiVo is going to make a lot of Comcast customers extremely happy. Once other cable companies see this, they’re going to want to jump on the bandwagon and provide TiVo sofware as alternative.
What do you think about TiVo’s prospects? Do you think that the Comcast partnership is going to help TiVo form a partnership with other cable companies?
