Cantor Fitzgerald analyst Thomas Blakey raised the firm’s price target on DigitalOcean (DOCN) to $43 from $39 and keeps a Neutral rating on the shares. DigitalOcean reported “solid” Q4 results, and its April 4 Analyst Day could serve as a catalyst for shares, providing more color on new product uptake, large customer growth, AI, and an update to the company’s long-term financial model, the analyst tells investors in a research note.
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