Digi International price target raised to $55 from $50 at Stephens

Stephens expert Tommy Moll raised the firm’s price target connected Digi International (DGII) to $55 from $50 and keeps an Overweight standing connected the shares. The steadfast is making its assumed ARR aggregate “slightly higher” fixed notably beardown caller execution successful ARR and arsenic different twelvemonth of estimated double-digit ARR maturation approaches, the expert tells investors.

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• Digi International Expands Revolving Credit Facility and Flexibility

• Digi International Faces Financial Strain Amid Rising Global Tariff Threats

• Digi International’s Earnings Call: Strong Growth Amid Challenges

• Digi International terms people raised to $48 from $45 astatine B. Riley

• Digi International upgraded to Buy from Hold astatine Craig-Hallum