Inseego's Turnaround Gains Traction: New Products And Partnerships to Fuel Future Growth, Says Analyst
Inseego (INSG) Benzinga·2024-11-15 02:37
Roth MKM analyst Scott W. Searle upgraded Inseego Corp. 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 re ...