Oppenheimer Upgrades DigitalOcean Holdings to Outperform, Announces $37 Price Target
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Timothy Horan has upgraded DigitalOcean Holdings (NYSE:DOCN) from Perform to Outperform and set a price target of $37.
November 21, 2023 | 12:31 pm
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DigitalOcean Holdings has been upgraded by Oppenheimer from Perform to Outperform with a price target of $37, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved performance or potential of the company. The new price target of $37 by Oppenheimer is likely to set a bullish tone for DigitalOcean's stock in the short term.
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