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DigitalGlobe (NYSE:DGI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $33.40 target price on the stock. Zacks‘s price objective indicates a potential upside of 18.15% from the stock’s previous close.

DigitalGlobe (NYSE:DGI) traded up 1.17% on Wednesday, hitting $28.60. 301,666 shares of the company’s stock traded hands. DigitalGlobe has a 52-week low of $26.02 and a 52-week high of $43.13. The stock has a 50-day moving average of $30.11 and a 200-day moving average of $33.80. The company’s market cap is $2.158 billion.

DigitalGlobe (NYSE:DGI) last released its earnings data on Thursday, May 1st. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.08) by $0.07. The company had revenue of $156.50 million for the quarter, compared to the consensus estimate of $148.41 million. During the same quarter in the prior year, the company posted ($0.96) earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of DigitalGlobe in a research note on Friday, June 13th. They now have a $34.50 price target on the stock, up previously from $31.50. Analysts at CRT Capital raised their price target on shares of DigitalGlobe from $26.00 to $30.00 in a research note on Friday, May 2nd. One analyst has rated the stock with a hold rating and two have given a buy rating to the company’s stock. DigitalGlobe presently has an average rating of “Buy” and an average target price of $32.98.

DigitalGlobe, Inc (NYSE:DGI) is a global provider of commercial earth imagery products and information services.

To view Zacks’ full report, visit Zacks’ official website.

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