BofA raised the firm’s price target on DigitalOcean (DOCN) to $200 from $107 and keeps a Buy rating on the shares after the company reported fiscal Q1 earnings and raised FY26 revenue growth guidance to 25%-27% year-over-year. The firm moves its valuation to a calendar 2028 view and raises estimates given capacity expansions and uses a slightly lower multiple to reflect a stepdown in duration and an “execution dependent narrative,” the analyst tells investors.
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