Barclays Maintains Overweight on DigitalOcean Holdings, Lowers Price Target to $30
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 $42 to $30.

October 12, 2023 | 6:02 pm
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Barclays has maintained an Overweight rating on DigitalOcean Holdings but lowered the price target from $42 to $30.
The lowering of the price target by Barclays from $42 to $30 indicates a potential decrease in the stock's value. Despite maintaining an Overweight rating, which generally suggests that the stock is expected to outperform, the reduced price target could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100