Airgain price target raised to $6 from $4 at Northland

Northland raised the firm’s price target on Airgain to $6 from $4 and keeps an Outperform rating on the shares following the company’s in line Q4 report and stronger than expected Q1 outlook. As the company moves closer to shipment ramps for new 5G wireless connectivity products, focused on 5G FWA and 5G edge infrastructure, the core Enterprise NimbleLink embedded modem business looks to have troughed while the company noted increasing market traction for its Lighthouse 5G repeater platform coming out of the recent MWC show, the analyst tells investors.