Piper Sandler Upgrades DigitalOcean Holdings to Neutral, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst James Fish has upgraded DigitalOcean Holdings (NYSE:DOCN) from Underweight to Neutral, but lowered the price target from $30 to $22.
October 23, 2023 | 9:19 am
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NEUTRAL IMPACT
DigitalOcean Holdings has been upgraded to Neutral from Underweight by Piper Sandler, though the price target has been lowered from $30 to $22.
The upgrade from Underweight to Neutral indicates a more positive outlook on the company's stock. However, the lowering of the price target from $30 to $22 suggests that the analyst believes the stock may not reach its previous target in the near term. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100