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Citigroup received a "Moderate Buy" rating from analysts, with a consensus target price of $83.53. Recent insider sales included COO Anand Selvakesari selling 30,000 shares, while Harvest Fund Management increased its stake by 385.8%. The company announced a $20 billion share repurchase program, indicating management's belief in its stock's undervaluation.
The Global Narrowband IoT (NB-IoT) Chipset Market is projected to grow from USD 1.95 billion in 2023 to USD 21.27 billion by 2029, at a CAGR of 48.7%. This growth is fueled by rising demand for low-power, wide-area connectivity solutions across various sectors, including smart cities, healthcare, and agriculture. Key players in the market include Qualcomm, Huawei, and Samsung, as they invest in enhancing NB-IoT capabilities to meet evolving IoT needs.
Sierra Wireless Inc.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
citigroup receives mixed analyst ratings and insider stock sales reported
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10:02 22.03.2025
narrowband iot chipset market growth driven by smart metering and manufacturing sectors
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