In a report released today, Patrick Walravens from JMP Securities maintained a Buy rating on DigitalOcean Holdings (DOCN – Research Report), with a price target of $47.00. The company’s shares closed last Friday at $35.91.
According to TipRanks, Walravens is an analyst with an average return of -7.7% and a 35.77% success rate. Walravens covers the Technology sector, focusing on stocks such as Datadog, Vertex, and DigitalOcean Holdings.
DigitalOcean Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $38.56.
Based on DigitalOcean Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $180.87 million and a net profit of $34.51 million. In comparison, last year the company earned a revenue of $163 million and had a GAAP net loss of $10.38 million
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DigitalOcean Holdings (DOCN) Company Description:
DigitalOcean Holdings Inc is one of the leading cloud computing platforms offeringon-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others.
