Digi (DGII) Stock Forecast, Price Target & Predictions
DGII Stock Forecast
Digi stock forecast is as follows: an average price target of $39.80 (represents a 35.65% upside from DGII’s last price of $29.34) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
DGII Price Target
The average price target for Digi (DGII) is $39.80 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $50.00 to $27.00. This represents a potential 35.65% upside from DGII's last price of $29.34.
DGII Analyst Ratings
According to 5 Wall Street analysts, Digi's rating consensus is 'Buy'. The analyst rating breakdown for DGII stock is 0 'Strong Buy' (0.00%), 4 'Buy' (80.00%), 1 'Hold' (20.00%), 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 |
|---|---|---|---|---|---|---|
| Aug 08, 2024 | Anthony Stoss | Craig-Hallum | $28.00 | $26.00 | 7.69% | -4.57% |
| Aug 08, 2024 | James Fish | Piper Sandler | $27.00 | $26.80 | 0.75% | -7.98% |
| Aug 08, 2024 | James Fish | Piper Sandler | $26.00 | $23.20 | 12.07% | -11.38% |
| May 22, 2024 | James Fish | Piper Sandler | $29.00 | $26.35 | 10.06% | -1.16% |
| May 03, 2024 | Harsh Kumar | Piper Sandler | $35.00 | $25.68 | 36.27% | 19.29% |
| Nov 11, 2022 | - | Stephens | $50.00 | $39.89 | 25.34% | 70.42% |
| Nov 11, 2022 | - | Cantor Fitzgerald | $48.00 | $40.01 | 19.97% | 63.60% |
| Nov 11, 2022 | - | Canaccord Genuity | $46.00 | $39.67 | 15.94% | 56.78% |
| Aug 05, 2022 | - | Canaccord Genuity | $41.00 | $34.70 | 18.16% | 39.74% |
The latest Digi stock forecast, released on Aug 08, 2024 by Anthony Stoss from Craig-Hallum, set a price target of $28.00, which represents a 7.69% increase from the stock price at the time of the forecast ($26.00), and a -4.57% decrease from DGII last price ($29.34).
Digi Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 5 |
| Avg Price Target | - | $27.00 | $29.00 |
| Last Closing Price | $29.34 | $29.34 | $29.34 |
| Upside/Downside | -100.00% | -7.98% | -1.16% |
In the current month, the average price target of Digi stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Digi's last price of $29.34. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 Aug 08, 2024. The company gave DGII a "Buy" rating, the same as its previous rate.
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 | $117.70M | $115.60M | $114.40M | $112.60M | $114.90M | $114.90M | $112.75M | $110.30M | $112.35M | $109.85M | $107.33M | $104.75M | $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 | $117.70M | $115.60M | $114.40M | $112.60M | $114.90M | $114.90M | $112.75M | $110.30M | $112.35M | $109.85M | $107.33M | $104.75M | $105.33M | $105.60M | $106.99M | $106.06M | $110.80M | $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 |
| Low Forecast | $117.70M | $115.60M | $114.40M | $112.60M | $114.90M | $114.90M | $112.75M | $110.30M | $112.35M | $109.85M | $107.33M | $104.75M | $103.52M | $105.60M | $106.99M | $105.32M | $110.00M | $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 |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 7 | 6 | 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 1 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 | 1 | 2 | 4 | 2 | 1 | 3 | 7 | 6 | 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 | $7.11M | $6.98M | $6.91M | $6.80M | $6.94M | $6.94M | $6.81M | $6.66M | $6.79M | $6.64M | $6.48M | $6.33M | $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 | $7.11M | $6.98M | $6.91M | $6.80M | $6.94M | $6.94M | $6.81M | $6.66M | $6.79M | $6.64M | $6.48M | $6.33M | $6.36M | $6.38M | $19.79M | $6.41M | $6.69M | $6.60M | $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 | $7.11M | $6.98M | $6.91M | $6.80M | $6.94M | $6.94M | $6.81M | $6.66M | $6.79M | $6.64M | $6.48M | $6.33M | $6.25M | $6.38M | $13.19M | $6.36M | $6.65M | $6.60M | $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% |
1 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 | 1 | 2 | 4 | 2 | 1 | 3 | 7 | 6 | 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 | $18.51M | $17.77M | $17.77M | $17.77M | $18.88M | $19.07M | $18.70M | $18.14M | $19.85M | $18.81M | $17.99M | $17.48M | $17.55M | $18.29M | $2.85M | $16.22M | $17.67M | $17.55M | $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 | $18.51M | $17.77M | $17.77M | $17.77M | $18.88M | $19.07M | $18.70M | $18.14M | $19.85M | $18.81M | $17.99M | $17.48M | $18.25M | $18.29M | $3.42M | $16.94M | $18.03M | $17.55M | $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 | $18.51M | $17.77M | $17.77M | $17.77M | $18.88M | $19.07M | $18.70M | $18.14M | $19.85M | $18.81M | $17.99M | $17.48M | $16.85M | $18.29M | $2.28M | $15.50M | $17.30M | $17.55M | $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 $16.22M, with a range of $15.50M to $16.94M. DGII's average Quarter net income forecast represents a 154.80% 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 | 1 | 2 | 4 | 2 | 1 | 3 | 7 | 6 | 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 | $37.79M | $37.11M | $36.73M | $36.15M | $36.89M | $36.89M | $36.20M | $35.41M | $36.07M | $35.27M | $34.46M | $33.63M | $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 | $37.79M | $37.11M | $36.73M | $36.15M | $36.89M | $36.89M | $36.20M | $35.41M | $36.07M | $35.27M | $34.46M | $33.63M | $33.81M | $33.90M | $36.73M | $34.05M | $35.57M | $35.08M | $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 | $37.79M | $37.11M | $36.73M | $36.15M | $36.89M | $36.89M | $36.20M | $35.41M | $36.07M | $35.27M | $34.46M | $33.63M | $33.23M | $33.90M | $24.48M | $33.81M | $35.31M | $35.08M | $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 1 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 | 1 | 2 | 4 | 2 | 1 | 3 | 7 | 6 | 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 | $0.50 | $0.48 | $0.48 | $0.48 | $0.51 | $0.52 | $0.51 | $0.49 | $0.54 | $0.51 | $0.49 | $0.47 | $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 | $0.48 | $0.48 | $0.48 | $0.51 | $0.52 | $0.51 | $0.49 | $0.54 | $0.51 | $0.49 | $0.47 | $0.49 | $0.49 | $0.47 | $0.46 | $0.49 | $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 |
| Low Forecast | $0.50 | $0.48 | $0.48 | $0.48 | $0.51 | $0.52 | $0.51 | $0.49 | $0.54 | $0.51 | $0.49 | $0.47 | $0.46 | $0.49 | $0.47 | $0.42 | $0.47 | $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 |
| 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 | $2.47 | $9.00 | 264.37% | Hold |
| KVHI | KVH Industries | $4.57 | $13.00 | 184.46% | Buy |
| MYNA | Mynaric | $1.50 | $4.00 | 166.67% | Hold |
| ADTN | ADTRAN | $6.20 | $15.67 | 152.74% | Buy |
| AVNW | Aviat Networks | $20.12 | $44.50 | 121.17% | Buy |
| CLFD | Clearfield | $35.50 | $59.60 | 67.89% | Buy |
| TSAT | Telesat | $12.51 | $20.00 | 59.87% | - |
| KN | Knowles | $17.49 | $25.00 | 42.94% | Buy |
| HLIT | Harmonic | $11.12 | $15.38 | 38.31% | Buy |
| DGII | Digi | $29.34 | $39.80 | 35.65% | Buy |
| EXTR | Extreme Networks | $15.20 | $20.00 | 31.58% | Buy |
| CIEN | Ciena | $63.24 | $65.74 | 3.95% | Buy |
| NTGR | NETGEAR | $23.17 | $22.00 | -5.05% | Buy |
| JNPR | Juniper Networks | $38.98 | $35.74 | -8.31% | Buy |
DGII Forecast FAQ
Is Digi a good buy?
Yes, according to 5 Wall Street analysts, Digi (DGII) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 80.00% of DGII's total ratings.
What is DGII's price target?
Digi (DGII) average price target is $39.8 with a range of $27 to $50, implying a 35.65% from its last price of $29.34. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Digi stock go up soon?
According to Wall Street analysts' prediction for DGII stock, the company can go up by 35.65% (from the last price of $29.34 to the average price target of $39.8), up by 70.42% based on the highest stock price target, and down by -7.98% based on the lowest stock price target.
Can Digi stock reach $40?
DGII's highest twelve months analyst stock price target of $50 supports the claim that Digi can reach $40 in the near future.
What are Digi's analysts' financial forecasts?
Digi's analysts financial forecasts for the fiscal year (Sep 2026) are as follows: average revenue is $452.85M (high $452.85M, low $452.85M), average EBITDA is $27.36M (high $27.36M, low $27.36M), average net income is $74.79M (high $74.79M, low $74.79M), average SG&A $145.38M (high $145.38M, low $145.38M), and average EPS is $2.02 (high $2.02, low $2.02). DGII's analysts financial forecasts for the fiscal year (Sep 2027) are as follows: average revenue is $460.3M (high $460.3M, low $460.3M), average EBITDA is $27.81M (high $27.81M, low $27.81M), average net income is $71.83M (high $71.83M, low $71.83M), average SG&A $147.77M (high $147.77M, low $147.77M), and average EPS is $1.94 (high $1.94, low $1.94).
Did the DGII's actual financial results beat the analysts' financial forecasts?
Based on Digi's last annual report (Sep 2023), the company's revenue was $444.85M, beating the average analysts forecast of $429.53M by 3.57%. Apple's EBITDA was $50.1M, beating the average prediction of $27.25M by 83.81%. The company's net income was $24.77M, missing the average estimation of $38.8M by -36.15%. Apple's SG&A was $143.46M, beating the average forecast of $123.81M by 15.87%. Lastly, the company's EPS was $0.69, missing the average prediction of $1.81 by -61.94%. In terms of the last quarterly report (Dec 2023), Digi's revenue was $106.09M, beating the average analysts' forecast of $105.61M by 0.45%. The company's EBITDA was $12.13M, beating the average prediction of $6.38M by 90.16%. Digi's net income was $-3.054M, missing the average estimation of $16.22M by -118.83%. The company's SG&A was $34.33M, beating the average forecast of $33.9M by 1.27%. Lastly, the company's EPS was $-0.0845, missing the average prediction of $0.438 by -119.29%