Stifel has revised its price target for Inseego (INSG, Financial), reducing it from $11 to $8, while maintaining a Hold rating on the company's stock. The decision comes amidst ongoing concerns over the impact of tariffs on the Analog, Connectivity, and Processors sector as the first quarter earnings season approaches.
The firm anticipates that the March quarter results for this group will likely align with expectations. However, there is a cautious outlook for the upcoming June quarter. Despite the uncertainty regarding the scope and duration of these tariffs, there is a growing belief that the semiconductor sector faces an increasing risk of entering a cyclical downturn.
Stifel's analysis highlights the heightened concerns regarding the overall health of the semiconductor market, driven by the potential ramifications of tariffs, which may affect the industry's performance in the coming quarters.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Inseego Corp (INSG, Financial) is $12.50 with a high estimate of $16.50 and a low estimate of $8.00. The average target implies an upside of 71.47% from the current price of $7.29. More detailed estimate data can be found on the Inseego Corp (INSG) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Inseego Corp's (INSG, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Inseego Corp (INSG, Financial) in one year is $7.54, suggesting a upside of 3.43% from the current price of $7.29. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Inseego Corp (INSG) Summary page.
