TD Cowen lowered the firm’s price target on Inseego (INSG) to $13 from $16 and keeps a Hold rating on the shares. The firm said the company exceeded 4Q expectations driven by strong mobile solutions and stable high-margin services offset by FWA headwinds from customer inventory management.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INSG:
- Inseego’s Performance: Balancing Robust Mobile Solutions with FWA Challenges
- Inseego Corp. Reports Robust Q4 and 2024 Financial Results
- Closing Bell Movers: Carvana down 8% on earnings, Palantir extends decline
- Inseego reports Q4 basic EPS (10c), consensus 2c
- Inseego sees Q1 revenue $30M-$33M, consensus $41.4M