Inseego’s Turnaround Gains Traction: New Products And Partnerships to Fuel Future Growth, Says Analyst
Roth MKM analyst Scott W. Searle upgraded Inseego Corp. (NASDAQ:INSG) from Neutral to Buy, raising the price forecast from $13 to $15.
Searle highlights the company’s successful balance sheet recapitalization and reducing net debt. The analyst also notes strong growth in core products, up 25%, and emphasizes the experienced management team.
Looking ahead, Searle sees new products, evolving sales channels, and potential acquisitions to boost the company’s outlook for 2025 and 2026.
In the third quarter, the company’s results and fourth-quarter guidance were affected by the sale of its Telematics business, which is now classified as discontinued. This made comparisons tricky, showing only 5% growth, compared to around …
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