Stifel Reiterates Hold Rating on Inseego Corp. (INSG) Following 'Solid' Results
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Stifel analyst Tore Svanberg reiterated a Hold rating and $14.00 price target on Inseego Corp. (NASDAQ: INSG).
The analyst commented, "Solid Sep Q results, with revenue of $45.9mn (+14.1% q/q) coming in +10.6% higher than our $41.5mn estimate, driven by strong FWA revenue following the success of the company’s FX4100 launch in 2Q25A.Similarly solid Dec Q outlook, with revenue guidance midpoint of $46.5mn +7.7% higher than our prior estimate of $43.2mn. Management noted they expected solid sequential growth from Mobile Solutions, with FWA moderating slightly, though still remaining at high levels.Maintain Hold, awaiting clarity into: (1) a continued track of sustainable growth in revenue and FCF; and (2) further execution on the company’s strategic vision to return to more consistent q/q growth (especially heading into CY26E). TP of $14 (1.3x CY26E EV/Sales)."
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 $12.92 yesterday.
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