DigitalOcean shares are trading higher after Canaccord Genuity maintained a Buy rating and raised its price target from $42 to $48.
Portfolio Pulse from Benzinga Newsdesk
DigitalOcean's shares rose following Canaccord Genuity's decision to maintain a Buy rating and increase the price target from $42 to $48.
October 04, 2024 | 3:09 pm
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DigitalOcean's stock price increased after Canaccord Genuity reaffirmed its Buy rating and raised the price target to $48, indicating confidence in the company's future performance.
The increase in price target from $42 to $48 by Canaccord Genuity, along with the maintained Buy rating, suggests positive expectations for DigitalOcean's future performance. This is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100