Will This Price Target Increase Help TiVo (TIVO) Stock Today?

NEW YORK (TheStreet) -- BMO Capital increased its price target on TiVo  (TIVO) to $16, increased its estimates and set an "outperform" rating. The firm noted the company will buy back more shares.

The stock was down 1.44% to $13.70 in pre-market trading on Wednesday.

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Separately, TheStreet Ratings team rates TIVO INC as a "buy" with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate TIVO INC (TIVO) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, reasonable valuation levels and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

You can view the full analysis from the report here: TIVO Ratings Report

TIVO Chart TIVO data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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