What 4 Analyst Ratings Have To Say About Digi Intl
Portfolio Pulse from Benzinga Insights
Over the last quarter, Digi Intl (NASDAQ:DGII) received 4 analyst ratings: 1 bullish and 3 somewhat bullish. No indifferent, somewhat bearish, or bearish ratings were given. The 12-month price target average for DGII is now $36.00, with a high of $40.00 and a low of $30.00. This average has decreased by 28% from the previous target of $50.00. Analyst ratings are based on financial statements, company calls, and insider information, and are used to forecast stock performance.
December 13, 2023 | 3:00 pm
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Digi Intl received 4 positive analyst ratings in the last quarter, with an average 12-month price target of $36.00, down from $50.00. The ratings are bullish to somewhat bullish, indicating a positive outlook from analysts.
The positive analyst ratings, despite the decrease in the average price target, suggest a generally optimistic view on DGII's future performance. The reduction in the price target may reflect recent market conditions or company-specific events that analysts believe have impacted the stock's value potential. However, the absence of bearish ratings indicates that the sentiment is still more positive than negative, which could lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100