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DigitalOcean resumed with a Neutral at UBS

UBS resumed coverage of DigitalOcean (DOCN) with a Neutral rating with a price target of $40, up from $32. The firm’s checks suggest a steady core demand backdrop, and while they did lean positive on DigitalOcean’s newer AI products, it seems too early for these to be needle movers, the analyst tells investors in a research note. The firm views the risk/reward as balanced from here.

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