Cowen Starts RPX Corp (RPXC) at Outperform
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Cowen Begins Coverage on RPX Corp. (RPXC) at Outperform; Confident in Business Transition/Model
March 17, 2014 7:30 AM EDTCowen and Company starts RPX Corp. (Nasdaq: RPXC) at Outperform with a price target of $20.
Analyst Timothy Arcuri sees RPX being in transition mode from high-growth concept to more stable clearinghouse in the illiquid and opaque IPR market. The company realizes a substantial portion of revenue from subscription-based "defensive patent aggregation," which allows most clients to vest into perpetual licenses... More
