Oppenheimer raised the firm’s price target on DigitalOcean (DOCN) to $85 from $60 and keeps an Outperform rating on the shares. The firm notes the company reported a strong beat to the quarter and guided 2026/2027 top line at the high end of investor expectations, all with improving customer KPIs. Oppenheimer believes the market is tilting ever more into inferencing workloads, where DigitalOcean is posturing themselves strategically to succeed.
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