B. Riley raised the firm’s price target on Digi International (DGII) to $48 from $45 and keeps a Buy rating on the shares. The firm views the company’s fiscal Q4 report as strong, with results beating expectations across the board. With its annual recurring revenue momentum accelerating, gross margins expanding, and operating leverage improving, Digi continues to execute its transformation into a comprehensive operational intelligence platform, the analyst tells investors in a research note.
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