Barclays Maintains Overweight on DigitalOcean Holdings, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Overweight rating on DigitalOcean Holdings (NYSE: DOCN) but lowered the price target from $58 to $42.
August 07, 2023 | 1:19 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Barclays has maintained an Overweight rating on DigitalOcean Holdings but lowered the price target from $58 to $42.
The news is directly about DigitalOcean Holdings. While the Overweight rating is positive, the lowering of the price target might have a neutral impact on the stock as it indicates a lower future valuation. The impact is important for investors as it comes from a reputable source, Barclays, and directly affects the company's valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100