Canaccord raised the firm’s price target on DigitalOcean (DOCN) to $60 from $55 and keeps a Buy rating on the shares. The firm said Q3 marked a seminal quarter for DigitalOcean with $44M in organic net-new ARR, the most in the company’s history, well-exceeding their bullish expectations.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOCN:
- DigitalOcean price target raised to $48 from $40 at UBS
- DigitalOcean price target raised to $50 from $44 at Goldman Sachs
- DigitalOcean double upgraded to Buy at BofA on AI inferencing demand tailwinds
- DigitalOcean upgraded to Buy from Underperform at BofA
- DigitalOcean Reports Strong Q3 2025 Financial Results