Digi (DGII) Stock Forecast, Price Target & Predictions
DGII Stock Forecast
Digi stock forecast is as follows: an average price target of $41.60 (represents a 31.85% upside from DGII’s last price of $31.55) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
DGII Price Target
The average price target for Digi (DGII) is $41.60 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $50.00 to $32.00. This represents a potential 31.85% upside from DGII's last price of $31.55.
DGII Analyst Ratings
According to 4 Wall Street analysts, Digi's rating consensus is 'Buy'. The analyst rating breakdown for DGII stock is 0 'Strong Buy' (0.00%), 3 'Buy' (75.00%), 1 'Hold' (25.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Digi Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 14, 2024 | Anthony Stoss | Craig-Hallum | $32.00 | $33.41 | -4.23% | 1.43% |
| Nov 14, 2024 | James Fish | Piper Sandler | $32.00 | $33.27 | -3.82% | 1.43% |
| Aug 08, 2024 | Anthony Stoss | Craig-Hallum | $28.00 | $26.00 | 7.69% | -11.25% |
| Aug 08, 2024 | James Fish | Piper Sandler | $27.00 | $26.80 | 0.75% | -14.42% |
| Aug 08, 2024 | James Fish | Piper Sandler | $26.00 | $23.20 | 12.07% | -17.59% |
| May 22, 2024 | James Fish | Piper Sandler | $29.00 | $26.35 | 10.06% | -8.08% |
| May 03, 2024 | Harsh Kumar | Piper Sandler | $35.00 | $25.68 | 36.27% | 10.94% |
| Nov 11, 2022 | - | Stephens | $50.00 | $39.89 | 25.34% | 58.48% |
| Nov 11, 2022 | - | Cantor Fitzgerald | $48.00 | $40.01 | 19.97% | 52.14% |
| Nov 11, 2022 | - | Canaccord Genuity | $46.00 | $39.67 | 15.94% | 45.80% |
The latest Digi stock forecast, released on Nov 14, 2024 by Anthony Stoss from Craig-Hallum, set a price target of $32.00, which represents a -4.23% decrease from the stock price at the time of the forecast ($33.41), and a 1.43% increase from DGII last price ($31.55).
Digi Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 7 |
| Avg Price Target | $32.00 | $32.00 | $29.86 |
| Last Closing Price | $31.55 | $31.55 | $31.55 |
| Upside/Downside | 1.43% | 1.43% | -5.36% |
In the current month, the average price target of Digi stock is $32.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 1.43% increase as opposed to Digi's last price of $31.55. This month's average price target is down 0.00% compared to last quarter, and up 7.17% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 14, 2024 | Craig-Hallum | Buy | Cautious | Downgrade |
| Nov 14, 2024 | Craig-Hallum | Buy | Hold | Downgrade |
| Aug 08, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Aug 08, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| May 22, 2024 | Piper Sandler | Overweight | Neutral | Downgrade |
| May 03, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Feb 05, 2024 | Stephens | Buy | Buy | Hold |
| Nov 11, 2022 | Stephens | Overweight | Overweight | Hold |
| Nov 11, 2022 | Cantor Fitzgerald | Overweight | Overweight | Hold |
| Aug 05, 2022 | Canaccord Genuity | Buy | Buy | Hold |
Digi's last stock rating was published by Craig-Hallum on Nov 14, 2024. The company Downgrade its DGII rating from "Buy" to "Cautious".
Digi Financial Forecast
Digi Revenue Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $106.09M | $112.16M | $112.24M | $111.14M | $109.31M | $105.74M | $103.52M | $94.71M | $84.26M | $79.11M | $79.08M | $77.30M | $73.15M | $73.17M | $70.34M |
| Avg Forecast | $117.90M | $116.40M | $115.40M | $113.90M | $112.50M | $111.40M | $111.95M | $109.45M | $108.38M | $106.28M | $105.32M | $104.08M | $104.16M | $105.60M | $106.99M | $105.61M | $110.28M | $109.27M | $106.91M | $103.07M | $100.40M | $96.12M | $89.43M | $82.96M | $77.20M | $77.16M | $74.01M | $70.16M | $72.04M | $69.26M |
| High Forecast | $119.09M | $117.58M | $116.57M | $115.05M | $113.64M | $112.53M | $113.08M | $110.56M | $109.48M | $107.36M | $106.30M | $104.35M | $104.20M | $105.60M | $106.99M | $106.06M | $110.80M | $110.38M | $108.00M | $104.11M | $100.40M | $96.12M | $89.43M | $82.96M | $77.20M | $77.16M | $74.01M | $70.16M | $72.04M | $69.26M |
| Low Forecast | $116.42M | $114.94M | $113.95M | $112.47M | $111.09M | $110.00M | $110.54M | $108.07M | $107.02M | $104.94M | $103.48M | $103.65M | $104.12M | $105.60M | $106.99M | $105.32M | $110.00M | $107.89M | $105.57M | $101.77M | $100.40M | $96.12M | $89.43M | $82.96M | $77.20M | $77.16M | $74.01M | $70.16M | $72.04M | $69.26M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 3 | 7 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 9 | 15 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.02% | 1.03% | 1.04% | 1.06% | 1.05% | 1.08% | 1.06% | 1.02% | 1.02% | 1.02% | 1.04% | 1.04% | 1.02% | 1.02% |
Digi's average Quarter revenue forecast for Mar 24 based on 2 analysts is $106.99M, with a low forecast of $106.99M, and a high forecast of $106.99M. DGII's average Quarter revenue forecast represents a 0.85% increase compared to the company's last Quarter revenue of $106.09M (Dec 23).
Digi EBITDA Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 3 | 7 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 9 | 15 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.13M | $13.48M | $12.48M | $12.18M | $11.96M | $4.61M | $10.18M | $16.49M | $-1.20M | $9.05M | $9.05M | $8.45M | $4.71M | $10.01M | $8.12M |
| Avg Forecast | $7.12M | $7.03M | $6.97M | $6.88M | $6.80M | $6.73M | $6.76M | $6.61M | $6.55M | $6.42M | $6.36M | $6.29M | $6.29M | $6.38M | $16.49M | $6.38M | $6.66M | $6.60M | $14.99M | $-1.00M | $6.07M | $5.81M | $11.85M | $5.01M | $4.66M | $4.66M | $7.39M | $4.24M | $4.35M | $4.18M |
| High Forecast | $7.20M | $7.10M | $7.04M | $6.95M | $6.87M | $6.80M | $6.83M | $6.68M | $6.61M | $6.49M | $6.42M | $6.30M | $6.30M | $6.38M | $19.79M | $6.41M | $6.69M | $6.67M | $17.99M | $-801.77K | $6.07M | $5.81M | $14.22M | $5.01M | $4.66M | $4.66M | $8.87M | $4.24M | $4.35M | $4.18M |
| Low Forecast | $7.03M | $6.94M | $6.88M | $6.79M | $6.71M | $6.65M | $6.68M | $6.53M | $6.47M | $6.34M | $6.25M | $6.26M | $6.29M | $6.38M | $13.19M | $6.36M | $6.65M | $6.52M | $11.99M | $-1.20M | $6.07M | $5.81M | $9.48M | $5.01M | $4.66M | $4.66M | $5.92M | $4.24M | $4.35M | $4.18M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.90% | 2.02% | 1.89% | 0.81% | -11.94% | 0.76% | 1.75% | 1.39% | -0.24% | 1.94% | 1.94% | 1.14% | 1.11% | 2.30% | 1.94% |
2 analysts predict DGII's average Quarter EBITDA for Mar 24 to be $16.49M, with a high of $19.79M and a low of $13.19M. This is 35.92% upper than Digi's previous annual EBITDA (Dec 23) of $12.13M.
Digi Net Income Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 3 | 7 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 9 | 15 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-3.05M | $6.37M | $6.73M | $5.90M | $5.78M | $11.22M | $4.13M | $2.85M | $1.19M | $4.59M | $3.16M | $2.93M | $-307.00K | $4.43M | $1.77M |
| Avg Forecast | $18.20M | $17.82M | $17.82M | $17.82M | $18.57M | $18.20M | $18.75M | $17.82M | $17.90M | $17.45M | $17.16M | $17.68M | $17.60M | $18.34M | $2.85M | $16.27M | $17.72M | $17.60M | $2.59M | $990.53K | $15.18M | $3.52M | $2.05M | $3.61M | $3.05M | $2.81M | $2.56M | $2.28M | $3.23M | $1.00M |
| High Forecast | $18.44M | $18.06M | $18.06M | $18.06M | $18.81M | $18.44M | $19.00M | $18.06M | $18.13M | $17.68M | $18.53M | $18.78M | $17.83M | $18.59M | $3.42M | $16.99M | $18.09M | $17.83M | $3.11M | $1.19M | $15.18M | $3.52M | $2.46M | $3.61M | $3.05M | $2.81M | $3.07M | $2.28M | $3.23M | $1.00M |
| Low Forecast | $17.90M | $17.53M | $17.53M | $17.53M | $18.26M | $17.90M | $18.45M | $17.53M | $17.61M | $17.17M | $16.47M | $16.94M | $17.31M | $18.04M | $2.28M | $15.54M | $17.35M | $17.31M | $2.07M | $792.42K | $15.18M | $3.52M | $1.64M | $3.61M | $3.05M | $2.81M | $2.05M | $2.28M | $3.23M | $1.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.19% | 0.36% | 0.38% | 2.28% | 5.83% | 0.74% | 1.17% | 1.39% | 0.33% | 1.50% | 1.12% | 1.14% | -0.13% | 1.37% | 1.76% |
Digi's average Quarter net income forecast for Dec 23 is $16.27M, with a range of $15.54M to $16.99M. DGII's average Quarter net income forecast represents a 155.54% increase compared to the company's last Quarter net income of $6.37M (Sep 23).
Digi SG&A Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 3 | 7 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 9 | 15 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $34.33M | $36.06M | $36.40M | $35.54M | $35.46M | $34.35M | $33.38M | $30.60M | $30.56M | $27.54M | $26.06M | $25.57M | $29.34M | $21.30M | $23.51M |
| Avg Forecast | $37.85M | $37.37M | $37.05M | $36.57M | $36.12M | $35.76M | $35.94M | $35.14M | $34.79M | $34.12M | $33.81M | $33.41M | $33.44M | $33.90M | $30.61M | $33.90M | $35.40M | $35.08M | $27.82M | $25.50M | $32.23M | $30.86M | $21.99M | $26.63M | $24.79M | $24.77M | $22.37M | $22.52M | $23.13M | $22.23M |
| High Forecast | $38.23M | $37.75M | $37.42M | $36.94M | $36.48M | $36.13M | $36.30M | $35.49M | $35.15M | $34.47M | $34.12M | $33.50M | $33.45M | $33.90M | $36.73M | $34.05M | $35.57M | $35.43M | $33.39M | $30.60M | $32.23M | $30.86M | $26.39M | $26.63M | $24.79M | $24.77M | $26.85M | $22.52M | $23.13M | $22.23M |
| Low Forecast | $37.37M | $36.90M | $36.58M | $36.11M | $35.66M | $35.31M | $35.49M | $34.70M | $34.36M | $33.69M | $33.22M | $33.28M | $33.43M | $33.90M | $24.48M | $33.81M | $35.31M | $34.64M | $22.26M | $20.40M | $32.23M | $30.86M | $17.60M | $26.63M | $24.79M | $24.77M | $17.90M | $22.52M | $23.13M | $22.23M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.02% | 1.04% | 1.28% | 1.39% | 1.07% | 1.08% | 1.39% | 1.15% | 1.11% | 1.05% | 1.14% | 1.30% | 0.92% | 1.06% |
Digi's average Quarter SG&A projection for Mar 24 is $30.61M, based on 2 Wall Street analysts, with a range of $24.48M to $36.73M. The forecast indicates a -10.86% fall compared to DGII last annual SG&A of $34.33M (Dec 23).
Digi EPS Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 2 | 2 | 3 | 7 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 9 | 15 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.08 | $0.18 | $0.19 | $0.16 | $0.16 | $0.32 | $0.12 | $0.08 | $0.03 | $0.13 | $0.09 | $0.09 | $-0.01 | $0.15 | $0.06 |
| Avg Forecast | $0.49 | $0.48 | $0.48 | $0.48 | $0.50 | $0.49 | $0.51 | $0.48 | $0.48 | $0.47 | $0.46 | $0.48 | $0.47 | $0.49 | $0.47 | $0.44 | $0.48 | $0.47 | $0.44 | $0.42 | $0.41 | $0.10 | $0.05 | $0.10 | $0.08 | $0.08 | $0.08 | $0.06 | $0.09 | $0.03 |
| High Forecast | $0.50 | $0.49 | $0.49 | $0.49 | $0.51 | $0.50 | $0.51 | $0.49 | $0.49 | $0.48 | $0.50 | $0.51 | $0.48 | $0.50 | $0.47 | $0.46 | $0.49 | $0.48 | $0.45 | $0.43 | $0.41 | $0.10 | $0.05 | $0.10 | $0.08 | $0.08 | $0.08 | $0.06 | $0.09 | $0.03 |
| Low Forecast | $0.48 | $0.47 | $0.47 | $0.47 | $0.49 | $0.48 | $0.50 | $0.47 | $0.47 | $0.46 | $0.44 | $0.46 | $0.47 | $0.49 | $0.47 | $0.42 | $0.47 | $0.47 | $0.43 | $0.41 | $0.41 | $0.10 | $0.05 | $0.10 | $0.08 | $0.08 | $0.08 | $0.06 | $0.09 | $0.03 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.19% | 0.38% | 0.40% | 0.36% | 0.38% | 0.78% | 1.26% | 1.50% | 0.35% | 1.58% | 1.18% | 1.08% | -0.17% | 1.72% | 2.21% |
According to 3 Wall Street analysts, Digi's projected average Quarter EPS for Dec 23 is $0.44, with a low estimate of $0.42 and a high estimate of $0.46. This represents a 143.34% increase compared to DGII previous annual EPS of $0.18 (Sep 23).
Digi Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CMTL | Comtech Telecommunications | $3.03 | $9.00 | 197.03% | Hold |
| MYNA | Mynaric | $1.39 | $4.00 | 187.77% | Hold |
| AVNW | Aviat Networks | $14.45 | $41.00 | 183.74% | Buy |
| KVHI | KVH Industries | $5.18 | $13.00 | 150.97% | Buy |
| ADTN | ADTRAN | $7.73 | $17.00 | 119.92% | Buy |
| CLFD | Clearfield | $29.18 | $59.60 | 104.25% | Buy |
| TSAT | Telesat | $11.03 | $20.00 | 81.32% | - |
| KN | Knowles | $18.15 | $25.00 | 37.74% | Buy |
| DGII | Digi | $31.55 | $41.60 | 31.85% | Buy |
| EXTR | Extreme Networks | $15.43 | $20.00 | 29.62% | Buy |
| HLIT | Harmonic | $12.08 | $15.38 | 27.32% | Buy |
| JNPR | Juniper Networks | $35.66 | $35.74 | 0.22% | Buy |
| CIEN | Ciena | $66.48 | $65.74 | -1.11% | Buy |
| NTGR | NETGEAR | $24.10 | $22.00 | -8.71% | Buy |