
Digi (DGII) Stock Forecast & Price Target
Digi (DGII) Analyst Ratings
Bulls say
Digi International is expecting to see a turnaround in its financial performance, with continued growth in its IoT Products & Services segment, recent acquisitions contributing to its top line, and an impressive beat on its fourth quarter sales and earnings. The company also has a strong outlook for the upcoming fiscal year, with double-digit revenue growth and a return to positive earnings. Despite potential risks and competition in the market, Digi International's diverse product portfolio and ongoing M&A strategy make it an attractive investment opportunity.
Bears say
Digi International is facing competition from larger and more established companies, and their recent acquisition of Jolt signifies their acquisitive nature to keep up with the market. The company's financials have been impacted by recessionary fears, COVID-19, and delays in the adoption of cellular IoT, leading to a negative outlook on their stock. Additionally, the integration of their pending MIXT-NC combination and reliance on M&A for growth could present risks to achieving their price target.
This aggregate rating is based on analysts' research of Digi and is not a guaranteed prediction by Public.com or investment advice.
Digi (DGII) Analyst Forecast & Price Prediction
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