B+
Bull case
25%
Probability
Target price
$360.00
Analysis reference price unavailable
Analysis 2026-05-03 · RankAlpha Sentiment Codex
IDCC
InterDigitalDNasdaq / Software & Services
Last Price
Quote time unavailable
Current thesis
The bullish read is that Q1 showed licensing momentum is intact: six new agreements, Xiaomi renewed long term, LG TV added, smartphone ARR hit a record, and FY26 guidance was reaffirmed despite a softer reported GAAP earnings comparison. If the market reaction overemphasized lower catch-up revenue and missed the growth in recurring licensing base, the reset could reverse on further contract conversion.
Posture
Defensive
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta -1.8.
What can break
Cash and short-term investments remain strong at roughly $1.09B including restricted cash and investments, but that was down from about $1.26B at year-end after capital returns and note-related cash use, so capital allocation remains worth monitoring [#10-Q-2026-04-30].
Momentum
72
Value
57
Sentiment
48
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $300.00 · Bull $360.00 · Bear $240.00Analysis 2026-05-03; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-09 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-03 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-09-09
Investment thesis
As of 2026-09-09
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-09. Definitions
Supporting evidence
What
Grade D · Defensive
Confidence Medium · Net Neutral
Target $462.67
Why
Momentum72 · Δ7d +0.4
Value57 · Δ7d +0.0
Sentiment48 · Δ7d -1.8
So what
Weak posture (Net Neutral). Prioritize risk control and patience.
Confirming evidence
- • Sentiment remains the lead driver in the composite, 7D delta -1.8.
Contradictions & invalidation
- • Cash and short-term investments remain strong at roughly $1.09B including restricted cash and investments, but that was down from about $1.26B at year-end after capital returns and note-related cash use, so capital allocation remains worth monitoring [#10-Q-2026-04-30].
- • FY26 guidance remains wide and management said the full-year outlook includes expected contributions from new agreements and/or enforcement actions not yet realized, limiting near-term visibility.
- • The bearish read is that the stock reaction reflects a real quality-of-earnings issue: reported revenue was down 2% year over year, GAAP EPS fell 38%, catch-up revenue declined, and operating expenses rose sharply from revenue-share and IP enforcement costs.
Catalyst clock
2026-05-30
Post-earnings digestion after Q1 beat and guidance reaffirmation
Lead driver: Sentiment · See AI snapshot
Momentum
72
9% active weight
Current posture
7d trendFlat
Δ7d
+0.4
Δ21d
-18.8
Value
57
28% active weight
Current posture
7d trendFlat
Δ7d
+0.0
Δ21d
-4.8
Sentiment
48
62% active weight
Current posture
7d trendSoftening
Δ7d
-1.8
Δ21d
+0.4
Why this grade
Composite grade D. Momentum 72.0 / Value 56.7 / Sentiment 48.2
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-05-03. Scenario method
Most likely
B
Base case
45%
Probability
Target price
$300.00
Analysis reference price unavailable
Analysis 2026-05-03 · RankAlpha Sentiment Codex
B-
Bear case
30%
Probability
Target price
$240.00
Analysis reference price unavailable
Analysis 2026-05-03 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-08-17
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$8.99B
Beta
1.57
Shares Out
25.81M
P/E (TTM)
22.7
P/S (TTM)
9.31
P/FCF (TTM)
16.12
Rev YoY
-13.4%
EPS YoY
-36.6%
Gross Margin
+78.7%
Op Margin
+43.8%
Net Debt
-$766.17M
Current Ratio
1.74
As of 2026-09-09 • Updated nightlySource: Internal modelMethods & Data