Citi raised the firm’s price target on DigitalOcean (DOCN) to $75 from $55 and keeps a Buy rating on the shares ahead of the Q4 report. The firm rolled forward the stock’s valuation, saying the sock has rallied on enthusiasm for the DigitalOcean’s “materializing AI playbook.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOCN:
- Microsoft downgraded, Snap upgraded: Wall Street’s top analyst calls
- DigitalOcean: Accelerating Growth, Expanding AI Platform, and Attractive Valuation Support Upgraded Buy Rating
- DigitalOcean upgraded to Overweight from Neutral at Cantor Fitzgerald
- DigitalOcean price target raised to $72 from $60 at BofA
- DigitalOcean rises 11.5%
