Canaccord Genuity Maintains Buy on DigitalOcean Holdings, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst David Hynes maintains a Buy rating on DigitalOcean Holdings (DOCN) and raises the price target from $41 to $42.
May 13, 2024 | 4:38 pm
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Canaccord Genuity analyst David Hynes reaffirmed a Buy rating on DigitalOcean Holdings and increased the price target from $41 to $42.
The increase in price target by a reputable analyst suggests a positive outlook on the company's future performance, which could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100