Digi International (DGII) Stock Forecast & Price Target

$26.40

+0.83 (+3.25%)

(As of 07/26/2024 ET)

Digi International - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 4 Analyst Ratings

Based on 4 Wall Street analysts who have issued ratings for Digi International in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 4 analysts, 1 has given a hold rating, and 3 have given a buy rating for DGII.

Consensus Price Target

$36.00
36.36% Upside

High Forecast	$45.00
Average Forecast	$36.00
Low Forecast	$27.00

According to the 4 analysts' twelve-month price targets for Digi International, the average price target is $36.00. The highest price target for DGII is $45.00, while the lowest price target for DGII is $27.00. The average price target represents a forecasted upside of 36.36% from the current price of $26.40.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)	6 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$36.00	$36.50	$36.33	$48.00
Forecasted Upside	36.36% Upside	41.01% Upside	47.04% Upside	24.04% Upside

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DGII Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DGII Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Digi International Stock vs. The Competition

Type	Digi International	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.75	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	36.36% Upside	554.05% Upside	9.10% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/15/2024	Piper Sandler 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$29.00 ➝ $27.00	+14.26%
5/3/2024	Roth Mkm 1 of 5 stars		Lower Target	Buy ➝ Buy	$40.00 ➝ $38.00	+50.08%
2/5/2024	Stephens 4 of 5 stars		Boost Target	Overweight ➝ Overweight	$40.00 ➝ $45.00	+59.97%
11/15/2023	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$34.00	+43.22%
5/18/2023	Westpark Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
2/3/2023	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Soderberg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight	$48.00	+30.79%
11/16/2022	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$48.00	+16.70%
11/11/2022	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$41.00 ➝ $46.00	+17.26%
11/11/2022	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$41.00 ➝ $46.00	+17.26%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:04 AM ET.

DGII Forecast - Frequently Asked Questions

What is Digi International's forecast for 2024?: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Digi International is $36.00, with a high forecast of $45.00 and a low forecast of $27.00.
Should I buy or sell Digi International stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Digi International in the last twelve months. There is currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DGII shares.
Does Digi International's stock price have much upside?: According to analysts, Digi International's stock has a predicted upside of 42.83% based on their 12-month stock forecasts.
Has Digi International been downgraded by Wall Street analysts recently?: Over the previous 90 days, Digi International's stock had 1 downgrade by analysts.
What analysts cover Digi International?: Digi International has been rated by research analysts at Piper Sandler, and Roth Mkm in the past 90 days.
Do Wall Street analysts like Digi International more than its competitors?: Analysts like Digi International more than other "computer and technology" companies. The consensus rating score for Digi International is 2.75 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how DGII compares to other companies.