Roth MKM Maintains Buy on Digi Intl, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Scott Searle maintains a Buy rating on Digi Intl (NASDAQ:DGII) but lowers the price target from $40 to $38.

May 03, 2024 | 2:33 pm
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Roth MKM analyst Scott Searle maintains a Buy rating on Digi Intl but lowers the price target from $40 to $38.
The adjustment in price target by Roth MKM reflects a nuanced view on Digi Intl's future performance. While the Buy rating indicates continued confidence in the company's prospects, the reduction in price target suggests a slight tempering of expectations. This could lead to a neutral short-term impact on the stock as investors digest the implications of the adjusted price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100