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Digi International (DGII) Stock Forecast & Price Target

$26.29
-0.02 (-0.08%)
(As of 01:49 PM 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

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
36.93% 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 36.93% from the current price of $26.29.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
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 Upside36.93% Upside41.01% Upside47.04% Upside24.04% 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.
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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.
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Digi International Stock vs. The Competition

TypeDigi InternationalComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.75
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside36.31% Upside120.57% Upside9.49% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/15/2024Piper Sandler
2 of 5 stars
 Lower TargetNeutral ➝ Neutral$29.00 ➝ $27.00+14.26%
5/3/2024Roth Mkm
1 of 5 stars
 Lower TargetBuy ➝ Buy$40.00 ➝ $38.00+50.08%
2/5/2024Stephens
4 of 5 stars
 Boost TargetOverweight ➝ Overweight$40.00 ➝ $45.00+59.97%
11/15/2023B. Riley
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 Initiated CoverageBuy$34.00+43.22%
5/18/2023Westpark Capital
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 Initiated CoverageBuy
2/3/2023Cantor Fitzgerald
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D. Soderberg
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Reiterated RatingOverweight$48.00+30.79%
11/16/2022Craig Hallum
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 Boost Target$48.00+16.70%
11/11/2022Canaccord Genuity Group
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 Boost TargetBuy$41.00 ➝ $46.00+17.26%
11/11/2022UBS Group
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 Boost TargetBuy ➝ 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 Wednesday at 02:29 PM 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 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 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.


This page (NASDAQ:DGII) was last updated on 7/24/2024 by MarketBeat.com Staff

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