Digi International price target raised to $33 from $30 at Piper Sandler

Piper Sandler analyst James Fish raised the firm’s price target on Digi International (DGII) to $33 from $30 and keeps a Neutral rating on the shares. The firm notes Q3 results came in slightly better than expected primarily due to product upside, with management calling out AI use-cases as a driver. This is encouraging to hear and may over time create a “hidden” way to play the AI-infrastructure build as cellular routing, console servers, and infrastructure management are part of these builds across some notable customers like Oracle (ORCL), Piper adds.