DigitalOcean shares are trading lower after Piper Sandler downgraded the stock from Neutral to Underweight and announced a $35 price target.
Portfolio Pulse from Benzinga Newsdesk
DigitalOcean's stock is trading lower after Piper Sandler downgraded it from Neutral to Underweight and set a $35 price target.
June 22, 2023 | 12:43 pm
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DigitalOcean shares are down following Piper Sandler's downgrade from Neutral to Underweight and a $35 price target announcement.
The downgrade from Piper Sandler, a well-known investment firm, is likely to negatively impact DigitalOcean's stock price in the short term. The new price target of $35 also suggests a bearish outlook for the stock.
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