 Inseego Corp. NASDAQ: INSG is an early leader in 5G connectivity solutions and boasts a first-to-market advantage in 5G solutions like 5G MiFI, FWA, and IoT, according to Stifel.The Inseego Analyst: John Marchetti initiated coverage of Inseego with a Buy rating and 13 price target.The Inseego Thesis: Inseegos expertise in the 5G universe should serve as a competitive advantage as service providers move to aggressively release 5G devices beyond just consumer handsets, Marchetti said in a Thursday initiation note. See his track record here.The fixed wireless access and IoT opportunities alone are significant, as operators want to leverage their 5G wireless network investment into consumer and commercial networks where they historically had to compete with high-cost and time-consuming FTTx efforts, the analyst said.Inseego deserves credit for growing its customer base beyond its largest customer,Verizon Communications Inc. NYSE: VZ, which accounted for around 50 of revenue from 2017 to 2019, he said.As of the first quarter of 2020, the company has shipped its technology to 11 global providers and has more trials underway, Marchetti said.Continued growth should result in the company hitting Stifels 2020 revenue estimate of 298.7 million and 2021 estimate of 358.6 million, the analyst said.This implies a year-over-year revenue growth rate of 36 in 2020 followed by a 20 growth rate the following year. Inseego also has good visibility into margin expansion as it shifts from fully transitioning its mobile and IoT manufacturing to Foxconn, he said.5G products also come with superior gross margins versus 4G and should show a 200-basis-point margin improvement in 2020 followed by a 450-basis-point improvement in 2021, according to Stifel. INSG Price Action: Shares of Inseego ended Thursdays session 6.89 higher at 11.01. Related Links:Qualcomm Will Be A 5G Winner, Says Bullish BofABaird Charges Apple Price Target During WWDC20, Expects 5G iPhone This FallLatest Ratings for INSG DateFirmActionFromTo Jun 2020StifelInitiates Coverage OnBuy Apr 2020Canaccord GenuityReiteratesBuy Apr 2020Canaccord GenuityMaintainsBuy View More Analyst Ratings for INSG View the Latest Analyst Ratings See more from Benzinga Jim Cramer Recommends Buying Albertsons IPO Below Dominos Pizza Wants To Help With Your Postponed Wedding Darden Restaurants Trades Higher After Olive Garden Owners Better-Than-Expected Q4C 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 