Roth MKM keeps a Buy rating and $38 price target on Digi International (DGII) following its non-deal roadshow with the management team. The firm comes away from the discussions “cautiously optimistic” that the company continues its transformation to a more recurring model, the analyst tells investors in a research note. Digi’s stable base of Product sales, growth in key recurring services, and the transition to more recurring products provide cautious optimism for FY25 and beyond, Roth MKM added.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DGII:
- Digi International management to meet virtually with Roth MKM
- Navigating AI Integration: Risks and Challenges for Digi International
- Digi International downgraded to Hold from Buy at Craig-Hallum
- Digi International price target raised to $32 from $26 at Piper Sandler
- Digi International Reports Mixed 2024 Financial Results