Financial Perspectives on DigitalOcean
Despite generally favorable financial analyst views on DigitalOcean, investment bank Barclays on Jan. 11 reduced its target price on the provider from $37 to $32. Last November, Morgan Stanley lowered its price, too, from $41 to $28. Goldman Sachs Group did the same, dropping its target price on DigitalOcean shares from $34 to $29 and advising clients to sell the stock.
DigitalOcean stock closed at $26.70 on Jan. 11, up 43 cents. The company’s 52-week high stands at $78.79.
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