Morgan Stanley lowered the firm’s price target on DigitalOcean (DOCN) to $41 from $52 and keeps an Overweight rating on the shares. The firm is adjusting risk/rewards for a large number of software companies as it analyzes tariff risk uncertainty and what has already been priced into shares.
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Read More on DOCN:
- Cautious Outlook on DigitalOcean Holdings Amid Growth Strategy and Economic Concerns
- DigitalOcean Holdings: Strategic Positioning and Growth Potential Justify Buy Rating
- DigitalOcean price target lowered to $45 from $50 at Canaccord
- DigitalOcean price target lowered to $33 from $40 at Stifel
- DigitalOcean Holdings: Balancing Ambitious Growth Targets with Economic Sensitivity