Digi International upgraded to Buy at Craig-Hallum after ‘strong’ quarter

As previously reported, Craig-Hallum analyst Anthony Stoss upgraded Digi International (DGII) to Buy from Hold with a price target of $45, up from $30. Customers are growing more confident following the tariff pause and are back to placing growing orders, notes the analyst, whose confidence is growing along with them after Digi beat both revenue and EBITDA estimates in a “strong quarter.” ARR is expected to be up again through FY26 and the company expects 15%-20% adjusted EBITDA growth, the analyst noted.