Piper Sandler analyst James Fish raised the firm’s price target on DigitalOcean (DOCN) to $50 from $47 and keeps a Neutral rating on the shares. The firm is slightly adjusting its estimates following its cohort update, but with limited visibility, Piper sees little room for error at these levels as 2026 NNARR assumes DO will add more than what it will do in 2025 already. The firm is encouraged by the bigger deal momentum, mix shift, and mini-analyst day catalyst potential.
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