JP Morgan Maintains Neutral on DigitalOcean Holdings, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Pinjalim Bora maintains a Neutral rating on DigitalOcean Holdings (NYSE:DOCN) but raises the price target from $32 to $40.
October 25, 2024 | 3:30 pm
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JP Morgan has maintained a Neutral rating on DigitalOcean Holdings but increased the price target from $32 to $40, indicating a more positive outlook.
The increase in the price target from $32 to $40 suggests a more optimistic view on DigitalOcean's future performance, which could positively influence investor sentiment and potentially lead to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100