On Nov 05, major Wall Street analysts update their ratings for $DigitalOcean (DOCN.US)$, with price targets ranging from $28 to $48.
BofA Securities analyst Wamsi Mohan maintains with a sell rating, and adjusts the target price from $25 to $28.
Barclays analyst Raimo Lenschow maintains with a buy rating, and maintains the target price at $48.
Needham analyst Mike Cikos maintains with a hold rating.
CCORF analyst Kingsley Crane maintains with a buy rating, and maintains the target price at $48.
JMP Securities analyst Patrick Walravens maintains with a buy rating, and maintains the target price at $47.
Furthermore, according to the comprehensive report, the opinions of $DigitalOcean (DOCN.US)$'s main analysts recently are as follows:
DigitalOcean's Q3 performance showcased revenue, EBITDA, margins, and EPS that exceeded both guidance and consensus expectations. However, further indications of accelerated growth would be required to adopt a more positive stance on the stock.
Acknowledgment has been given to some positive developments for DigitalOcean, such as successes against cloud rivals and securing multi-year contracts. However, there remains a cautious stance due to the absence of a distinct trajectory for renewed revenue growth. Current projections for early 2025 suggest a potential uptick, yet there's no anticipation for a significant inflection in net dollar retention at that time.
Here are the latest investment ratings and price targets for $DigitalOcean (DOCN.US)$ from 5 analysts:
Note:
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