DigitalOcean price target raised to $52 from $41 at Morgan Stanley

Morgan Stanley raised the firm’s price target on DigitalOcean (DOCN) to $52 from $41 and keeps an Overweight rating on the shares. DigitalOcean reported “strong” Q4 results, showcasing slight annual recurring revenue growth acceleration, in what the firm hoped would make low-to-mid teens top line 2025 growth look conservative, the analyst tells investors in a research note. Morgan Stanley sees an attractive setup in the quarters ahead for DigitalOcean, especially with Investor Day as an incremental catalyst in early April.