Imagination Tech royalties to rocket, says Goldman Sachs

Shares in Imagination Technologies Group, the company behind the technology used in Apple's new iPad, leapt to their highest level in nearly 18 years following comments from Goldman Sachs.

Shares in Imagination Technologies Group, the company behind the technology used in Apple's new iPad, leapt to their highest level in nearly 18 years following comments from Goldman Sachs.

The broker said that the firm's royalties are set to soar, sending the share price rocketing 8.21%, or 52.50p, to 692.00p.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.