What To Know About Piper Sandler's Upgrade of DigitalOcean Holdings
Portfolio Pulse from Benzinga Insights
Piper Sandler has upgraded its rating of DigitalOcean Holdings (NYSE:DOCN) to Neutral with a new price target of $22.00, down from $30.00. Shares of DigitalOcean Holdings are currently trading up 2.09% over the last 24 hours, at $21.97 per share. A move to $22.00 would account for a 0.14% increase from the current share price.
October 23, 2023 | 5:00 pm
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NEUTRAL IMPACT
Piper Sandler has upgraded its rating of DigitalOcean Holdings to Neutral and lowered its price target to $22.00. The stock is currently trading up 2.09% at $21.97.
The upgrade to Neutral by Piper Sandler indicates a more positive outlook for DigitalOcean Holdings. However, the reduction in price target from $30.00 to $22.00 suggests a lower growth potential. This mixed signal could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100