UBS raised the firm’s price target on DigitalOcean (DOCN) to $175 from $160 and keeps a Neutral rating on the shares. Meetings with DigitalOcean management left the firm incrementally more positive on its business durability, technical differentiation, and accelerating AI-driven demand, with capacity expansion plans potentially supporting significant earnings upside by 2028 if fully utilized without additional equity financing, the analyst tells investors in a research note.
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Read More on DOCN:
- DigitalOcean price target raised to $180 from $115 at Citi
- DigitalOcean price target raised to $183 from $105 at Barclays
- DigitalOcean price target raised to $155 from $98 at Piper Sandler
- DigitalOcean price target raised to $200 from $120 at Canaccord
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