Piper Sandler Keeps Their Hold Rating on Digi International (DGII)

Piper Sandler analyst James Fish reiterated a Hold rating on Digi International (DGII – Research Report) today and set a price target of $30.00. The company’s shares closed yesterday at $28.07.

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According to TipRanks, Fish is a 5-star analyst with an average return of 9.6% and a 56.39% success rate. Fish covers the Technology sector, focusing on stocks such as Five9, Arista Networks, and Nutanix.

Currently, the analyst consensus on Digi International is a Moderate Buy with an average price target of $29.75.

Based on Digi International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $103.87 million and a net profit of $10.08 million. In comparison, last year the company earned a revenue of $106.09 million and had a GAAP net loss of $3.05 million