Canaccord raised the firm’s price target on DigitalOcean (DOCN) to $80 from $65 and keeps a Buy rating on the shares. The firm updated its model ahead of its Q4 report and said firm’s transition into a budding leader in the AI ecosystem has begun to win over skeptics over the past six months and they believe the story is just getting started. Canaccord continues to believe the revenue potential from the 30MW of new capacity (leases coming online in March, fully deployed in 1H26) is not fully reflected in estimates.
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