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Analysts Conflicted on These Technology Names: Cantaloupe (CTLP) and Inseego (INSG)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cantaloupe (CTLPResearch Report) and Inseego (INSGResearch Report).

Cantaloupe (CTLP)

Barrington analyst Gary Prestopino maintained a Buy rating on Cantaloupe today and set a price target of $10.00. The company’s shares closed last Wednesday at $6.79.

According to TipRanks.com, Prestopino is a top 100 analyst with an average return of 22.4% and a 52.2% success rate. Prestopino covers the Technology sector, focusing on stocks such as Methode Electronics, Powerfleet, and DHI Group.

Cantaloupe has an analyst consensus of Strong Buy, with a price target consensus of $10.50, representing a 56.0% upside. In a report issued on November 10, Northland Securities also reiterated a Buy rating on the stock with a $10.00 price target.

See today’s best-performing stocks on TipRanks >>

Inseego (INSG)

In a report released today, Lance Vitanza from TD Cowen maintained a Hold rating on Inseego, with a price target of $1.00. The company’s shares closed last Wednesday at $0.26, close to its 52-week low of $0.25.

According to TipRanks.com, Vitanza is a 4-star analyst with an average return of 6.5% and a 44.3% success rate. Vitanza covers the NA sector, focusing on stocks such as KORE Group Holdings, Boston Omaha, and Deluxe.

The word on The Street in general, suggests a Hold analyst consensus rating for Inseego with a $1.00 average price target.

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