Digi International price target raised to $55 from $50 at Stephens

Group 1 - Analyst Tommy Moll from Stephens raised the price target on Digi International (DGII) to $55 from $50, maintaining an Overweight rating on the shares [1] - The firm is adjusting its assumed Annual Recurring Revenue (ARR) multiple to be "slightly higher" due to strong recent execution in ARR [1] - Digi International is approaching another year of estimated double-digit ARR growth, indicating positive future performance [1]