Morgan Stanley Reiterates Underweight on DigitalOcean Holdings, Maintains $30 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Josh Baer has reiterated an 'Underweight' rating on DigitalOcean Holdings (NYSE:DOCN) and maintained a $30 price target.
July 14, 2023 | 2:56 pm
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Morgan Stanley has reiterated an 'Underweight' rating on DigitalOcean Holdings, maintaining a $30 price target.
The 'Underweight' rating from Morgan Stanley suggests that they expect DigitalOcean Holdings' stock to underperform compared to other stocks in the market. This could potentially lead to a decrease in the stock's price in the short term. The maintained price target of $30 also indicates that the analyst does not foresee significant upside potential in the near future.
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IMPORTANCE 80
RELEVANCE 100