Canaccord raised the firm’s price target on DigitalOcean to $48 from $42 and keeps a Buy rating on the shares. The firm met with management and came away incrementally bullish on the company’s ability to execute on its long-term opportunity as an SMB cloud provider.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOCN:
- DigitalOcean Holdings call volume above normal and directionally bullish
- DigitalOcean rumor highlighted in Betaville alert
- DigitalOcean falls -7.9%
- DigitalOcean price target lowered to $34 from $40 at UBS
- DigitalOcean price target lowered to $38 from $43 at Barclays