DGII Crosses Above Average Analyst Target
February 05, 2021 at 09:01 AM EST
In recent trading, shares of Digi International Inc (DGII) have crossed above the average analyst 12-month target price of $20.85, changing hands for $23.00/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..