JMP Securities Maintains Market Outperform on DigitalOcean Holdings, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Patrick Walravens maintains a Market Outperform rating on DigitalOcean Holdings (NYSE:DOCN) but has lowered the price target from $59 to $47.
September 01, 2023 | 12:23 pm
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NEUTRAL IMPACT
JMP Securities has maintained a Market Outperform rating on DigitalOcean Holdings but lowered the price target from $59 to $47.
The news is directly about DigitalOcean Holdings (DOCN). While the maintained Market Outperform rating is positive, the lowered price target could have a neutral to slightly negative impact on the stock in the short term as it indicates a lower future valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100