Cowen Maintains Outperform Rating and $22 PT on Airgain (AIRG) Following DecQ Results

Cowen and Co. analyst Wayne Loeb reiterates Outperform rating and $22 price target on Airgain Inc. (NASDAQ: AIRG), suggesting a positive growth outlook, as the company delivered December quarter revenues above consensus projections.

Loeb comments, "AIRG posted solid top line growth, beating the Street by ~$500K on higher device antenna count and ASP. We raise our 2018 revenue estimates and continue to think that the Street is under-modeling AIRG's growth opportunities driven by proliferation of wireless video streaming as well as an untapped automotive antenna opportunity where M&A is likely to enhance organic growth. Maintain $22 PT."

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

Shares of Airgain closed at $14.94 yesterday.

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