Northland Capital Sees 8-10 5G Design Wins for Inseego (INSG) This Year

Northland Capital Markets analyst Michael Latimore reiterated an Outperform rating and $6.00 price target on Inseego Corp. (NASDAQ: INSG) after attended Mobile World Congress Americas in LA this week. 5G was the key topic at the show and for Inseego.

"We believe Inseego is well on its way to 8-10 5G design wins by year end, leading to meaningful 5G revenue in 2H20," Latimore commented. "4G hotspot business with Verizon, Sprint, AT&T and others are important near-term. Inseego has expanded its addressable market multi-fold over the past year."

For an analyst ratings summary and ratings history on Inseego Corp. click here. For more ratings news on Inseego Corp. click here.

Shares of Inseego Corp. closed at $5.27 yesterday.

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