WestPark Capital Remains Bullish on Digital Ally (DGLY) After Meeting with management

November 17, 2016 11:42 AM EST
Get Alerts DGLY Hot Sheet
Price: $5.15 +9.57%

Rating Summary:
    4 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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WestPark Capital reiterated an Outperform rating and $9.00 price target on Digital Ally (NASDAQ: DGLY) after hosting management for a meeting. Management highlighted that they see a strong pipeline of orders for their in-car video systems especiallyand stated that their biggest account on the commercial side is Transdev, which is a leading transportation operator of car fleets.

Analyst Ishfaque Faruk commented, "We hosted Digital Ally’s CEO and CFO at WestPark Capital’s NY office on 11/16. The company’s CEO, Stan Ross and CFO, Tom Heckman discussed various topics, including: Digital Ally’s future direction and strategy; Progress in the Commercial markets; Rapidly growing cloud-services revenue; On-going legal fight with Taser (TASR-NR). We Reiterate our Outperform rating and Target price of $9."

For an analyst ratings summary and ratings history on Digital Ally click here. For more ratings news on Digital Ally click here.

Shares of Digital Ally closed at $5.10 yesterday.

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