Piper Sandler Reiterates Overweight on Digi Intl, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has reiterated an Overweight rating on Digi Intl (NASDAQ:DGII) but lowered the price target from $40 to $35.
May 03, 2024 | 1:37 pm
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NEUTRAL IMPACT
Piper Sandler maintains an Overweight rating on Digi Intl but reduces the price target from $40 to $35.
The reiteration of the Overweight rating suggests a positive outlook on Digi Intl's fundamentals by Piper Sandler. However, the reduction in the price target could reflect adjustments in valuation metrics, possibly due to revised earnings expectations or market conditions. This mixed signal might lead to short-term uncertainty among investors, balancing the potential for both positive sentiment from the sustained Overweight rating and cautious sentiment from the lowered price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100