Digi International price target raised to $75 from $50 at Craig-Hallum

Craig-Hallum analyst Anthony Stoss raised the firm’s price target on Digi International (DGII) to $75 from $50 and keeps a Buy rating on the shares. The firm continues to highlight Digi’s stock given management execution in their recent acquisitions and organic growth after another beat and raise quarter. Further, management raised the FY26 guide and ARR guide as they are seeing accelerating customer demand, even in a weaker macro. Craig-Hallum believes management is executing well and thinks Digi will continue to monitor accretive M&A opportunities.