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Sunday, April 21, 2024
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DigitalOcean Is Underappreciated, Goldman Sachs Says In Bullish Take On Cloud Stock

Shares of DigitalOcean Holdings Inc (NYSE: DOCN) were climbing in early trading on Tuesday, along with other big stocks moving higher.

The stock has underperformed year to date, likely due to “a cyclical normalization in cloud optimization spending” and the ongoing management transition, according to Goldman Sachs.

The DigitalOcean Analyst: Gabriela Borges upgraded the rating for DigitalOcean from Sell to Buy, ...

Full story available on Benzinga.com


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