Canaccord Genuity Maintains Buy on DigitalOcean Holdings, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained its Buy rating on DigitalOcean Holdings and raised the price target from $42 to $48, indicating confidence in the company's future performance.
October 04, 2024 | 2:45 pm
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Canaccord Genuity has increased its price target for DigitalOcean Holdings from $42 to $48, maintaining a Buy rating. This suggests a positive outlook for the company's stock.
The increase in price target from $42 to $48 by Canaccord Genuity, along with the maintained Buy rating, indicates a strong positive sentiment from the analyst. This is likely to boost investor confidence and could lead to a short-term increase in DOCN's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100