Northland Securities Reiterates Their Buy Rating on Inseego (INSG)

By Jason Carr

In a report released today, Michael Latimore from Northland Securities reiterated a Buy rating on Inseego (INSGResearch Report), with a price target of $6.00. The company’s shares closed last Monday at $5.31.

According to TipRanks.com, Latimore is a 4-star analyst with an average return of 5.7% and a 47.5% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming, The Meet Group, and RingCentral.

Currently, the analyst consensus on Inseego is a Strong Buy with an average price target of $7.17, a 32.8% upside from current levels. In a report issued on October 28, Canaccord Genuity also reiterated a Buy rating on the stock with a $8.50 price target.

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The company has a one-year high of $6.00 and a one-year low of $3.48. Currently, Inseego has an average volume of 1.03M.

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Inseego Corp.is an industry pioneer in 5G and intelligent IoT device-to-cloud solutions. The company serves service providers, distributors, consumers, and the enterprise.