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Fly News Breaks for May 24, 2019
INSG
May 24, 2019 | 06:19 EDT
Cowen analyst Lance Vitanza started Inseego with an Outperform rating and $8 price target. The company has a strong position within the "burgeoning" 5G market, Vitanza tells investors in a research note. With an estimated 20% annual revenue growth over the next few years, the stock deserves a premium valuation, says the analyst. He sees a "multitude of multi-billion-dollar market segments" to which Inseego technology can serve.
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