Digi International price target raised to $32 from $26 at Piper Sandler
The Fly

Digi International price target raised to $32 from $26 at Piper Sandler

Piper Sandler analyst James Fish raised the firm’s price target on Digi International (DGII) to $32 from $26 and keeps a Neutral rating on the shares. The firm notes Q4 results were relatively inline with expectations, as Digi still is working through normalization but seeing ongoing stabilization in the customer demand environment. The major bright spots this quarter were the GPM upside given the shift towards software, and OpenGear, which is seeing datacenter refresh wins, Piper adds.

Don't Miss out on Research Tools:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App