InterDigital Inc. (NASDAQ:IDCC) is considered a stock you might really regret not buying earlier.
Recently, on November 24, William Blair’s analyst Arjun Bhatia reiterated his Buy rating on the stock, although he didn’t pinpoint a price target. This encouragement came right after InterDigital announced a series of favorable court rulings in their ongoing patent infringement cases against Disney in Germany and Brazil.
Bhatia suggests that these legal victories bode well for InterDigital’s plans to monetize their streaming technology patents. Just a couple of weeks prior, on November 11, he expressed that these judicial outcomes could lead to considerable revenue—projecting over $300 million by the year 2030.
Moreover, on the same day, InterDigital revealed that a Munich Regional Court had imposed a second injunction against Disney over patently violated HDR video streaming technology. This was followed by an earlier ruling from the same court concerning another infringement case that involved dynamic overlay techniques for video streams.
In addition to these wins, on September 3, InterDigital announced that a Brazilian court had ruled in their favor, imposing an injunction against Disney regarding two of their crucial AVC and HEVC video encoding patents.
Not resting on their laurels, a week later, InterDigital filed a patent infringement lawsuit against Amazon over issues tied to video compression and enhancing picture quality with HDR tech. This case is still in the works, impacting several legal territories.
InterDigital, a global R&D powerhouse, primarily focuses on technologies in wireless, video, artificial intelligence, and more. They provide licenses for their innovations to various sectors, including manufacturers of wireless devices, consumer electronics, IoT gadgets, automotive industries, and major cloud-based service providers like video streaming companies.
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Disclosure: None. Article first appeared on Insider Monkey.
