ROVI: New CEO, But Little Else Should Change

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David Evanson and Jeff Rath, Winter, 2012

Following a breakfast event with Rovi”s (ROVI) CFO, James Budge at CES, Canaccord Genuity tech analyst Jeff Rath reiterated his BUY rating and $63 price target on the company. Mr. Rath said:

“We continue to believe that ROVI is well positioned to benefit from current OTT [Over The Top TV and Video] trends and remain confident that numerous growth opportunities exist in 2012 and beyond.”

He added, “We believe management’s existing guidance will be reiterated at Thursday’s Investor Day and that no material organizational changes will accompany the new CEO hire.”