Digi International price target raised to $45 from $42 at Roth Capital

Roth Capital raised the firm’s price target on Digi International (DGII) to $45 from $42 and keeps a Buy rating on the shares after hosting management for investor meetings. The firm left more upbeat on Digi’s near-term prospects and the progress toward the company’s long-term targets of $200M in annual recurring revenue and adjusted EBITDA by fiscal 2028. Digi is seeing “healthy” demand with an expanding pipeline that has been masked by protracted customer decision timelines, the analyst tells investors in a research note.