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.
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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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
