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:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DGII:
- Digi International Reports Mixed 2024 Financial Results
- Digi International sees Q1 adjusted EPS 46c-50c, consensus 51c
- Digi International sees FY25 ARR up 10%; revenue, adjusted EBITDA flat y/y
- Digi International reports Q4 adjusted EPS 52c, consensus 50c
- Digi International (DGII) Q4 Earnings Cheat Sheet