Analyst Lance Vitanza of TD Cowen maintained a Hold rating on Inseego, boosting the price target to $14.00.
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Lance Vitanza’s rating is based on a combination of factors, including Inseego’s strong performance in the third quarter, characterized by robust fixed wireless access momentum, stable mobile trends, and an increasing contribution from software that has led to margin expansion. Despite these positive results, Vitanza anticipates a moderation in the fourth quarter as new Tier-1 ramps are phased in, which suggests that the near-term upside potential is already reflected in the current stock price.
Additionally, while there is an expectation for revenue growth in the fiscal year 2026, there is also a forecasted slight compression in profit margins. Consequently, Vitanza maintains a Hold rating on Inseego, although he has raised the price target to $14, reflecting a 13x multiple of the estimated adjusted EBITDA for fiscal year 2026.
According to TipRanks, Vitanza is a 5-star analyst with an average return of 21.4% and a 44.59% success rate. Vitanza covers the Communication Services sector, focusing on stocks such as Clear Channel Outdoor, Liberty Media Liberty Formula One, and Opera.
In another report released on November 8, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $14.00 price target.