Piper Sandler Downgrades DigitalOcean Holdings to Underweight, Announces $35 Price Target
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst James Fish downgraded DigitalOcean Holdings (NYSE:DOCN) from Neutral to Underweight and announced a $35 price target.
June 22, 2023 | 8:28 am
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DigitalOcean Holdings (NYSE:DOCN) has been downgraded from Neutral to Underweight by Piper Sandler, with a new price target of $35.
The downgrade from Neutral to Underweight by Piper Sandler's analyst James Fish indicates a negative outlook for DigitalOcean Holdings. The new price target of $35 suggests a potential downside for the stock, which may lead to a short-term decline in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100