Morgan Stanley Upgrades DigitalOcean Holdings to Equal-Weight, Raises Price Target to $36
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Josh Baer has upgraded DigitalOcean Holdings (NYSE:DOCN) from Underweight to Equal-Weight and raised the price target from $30 to $36.
August 11, 2023 | 9:31 am
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DigitalOcean Holdings has been upgraded by Morgan Stanley from Underweight to Equal-Weight, with a price target increase from $30 to $36.
The upgrade from Morgan Stanley is a positive signal for DigitalOcean Holdings. The change from Underweight to Equal-Weight indicates a more favorable view of the company's stock, and the increase in price target suggests that the analyst sees potential for the stock's price to rise. This could lead to increased investor interest and a potential short-term increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100