B of A Securities Downgrades DigitalOcean Holdings to Underperform, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Wamsi Mohan has downgraded DigitalOcean Holdings (NYSE:DOCN) from Buy to Underperform and lowered the price target from $47 to $25.
September 08, 2023 | 11:54 am
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DigitalOcean Holdings has been downgraded to Underperform from Buy by B of A Securities, with a lowered price target of $25, down from $47.
The downgrade from Buy to Underperform by a major analyst like Wamsi Mohan from B of A Securities is a significant negative signal for the stock. The lowering of the price target from $47 to $25 further indicates a bearish outlook for the stock in the short term.
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