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.
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Read More on DOCN:
- DigitalOcean price target raised to $48 from $40 at UBS
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