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DigitalOcean price target raised to $75 from $55 at Citi

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.”

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