
Digi (DGII) Stock Forecast & Price Target
Digi (DGII) Analyst Ratings
Bulls say
Digi International is showing strong execution and growth in their IoT Products & Services segment, with a focus on annual recurring revenue and datacenter sales. They also have a strong balance sheet and potential positive catalysts for future growth. However, investors should take note of potential negative catalysts such as macro-driven deterioration in revenue and adjusted EBITDA. Currently, a Neutral rating with a target price of $63 is recommended, based on a 17x EV/CY27E EBITDA multiple.
Bears say
Digi International is facing multiple headwinds in the short-term, including increasing costs and supply chain issues due to the global chip shortage. Furthermore, despite signs of customer growth and expansion, the company's lack of exposure to the rapidly evolving AI and cloud computing markets will hinder its long-term revenue potential. Additionally, Digi's high debt levels and low cash reserves raise concerns about its ability to weather any potential financial challenges in the future.
This aggregate rating is based on analysts' research of Digi and is not a guaranteed prediction by Public.com or investment advice.
Digi (DGII) Analyst Forecast & Price Prediction
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