JMP Securities Maintains Outperform on DigitalOcean Holdings, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Patrick Walravens maintains an 'Outperform' rating on DigitalOcean Holdings (NYSE:DOCN) but has lowered the price target from $63 to $59.
August 04, 2023 | 3:08 pm
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JMP Securities has maintained an 'Outperform' rating on DigitalOcean Holdings but lowered the price target from $63 to $59.
While the 'Outperform' rating suggests that JMP Securities expects DigitalOcean Holdings to outperform the market, the lowering of the price target could indicate a slightly less optimistic outlook. However, as the rating remains positive, the impact on the stock price is likely to be neutral in the short term.
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IMPORTANCE 80
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