Is DigitalOcean Stock Going to $42? 1 Wall Street Analyst Thinks So.
DOCNDigitalOcean(DOCN) The Motley Fool·2024-05-15 18:35

The specialty tech company seems well-positioned to take advantage of more than one trend in the tech world. Placing money on a cloud can take an investor's wealth far higher. Metaphorically speaking, that's one analyst's current evaluation of enterprise cloud computing specialist DigitalOcean (DOCN 4.59%). Following the company's latest earnings report published in mid-May, Canaccord Genuity's David Hynes raised his price target on the shares. He continues to be bullish on the specialty tech stock's future ...