Barclays Maintains Overweight on DigitalOcean Holdings, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Overweight rating on DigitalOcean Holdings (NYSE:DOCN) and raises the price target from $38 to $48.
October 11, 2024 | 3:21 pm
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Barclays analyst Raimo Lenschow has increased the price target for DigitalOcean Holdings from $38 to $48 while maintaining an Overweight rating, indicating a positive outlook for the stock.
The increase in price target from $38 to $48 by Barclays, along with the maintained Overweight rating, suggests a positive sentiment from the analyst, which is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100