Inseego’s Strong Q3 Performance Leads to Hold Rating Amid Anticipated Q4 Moderation and 2026 Revenue Growth
Analyst Lance Vitanza of TD Cowen has maintained a Hold rating on Inseego, raising the price target to $14.00. This decision follows Inseego's strong Q3 performance, driven by fixed wireless access momentum and software contributions. However, Vitanza anticipates a moderation in Q4 and slight profit margin compression by 2026, indicating that the stock's near-term upside is already priced in. Vitanza is recognized as a 5-star analyst with a 21.4% average return and a 44.59% success rate in the Communication Services sector.
Analyst Lance Vitanza of TD Cowen maintained a Hold rating on Inseego, boosting the price target to $14.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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.
