UBS lowered the firm’s price target on DigitalOcean to $34 from $40 and keeps a Neutral rating on the shares. DigitalOcean delivered solid results with accelerating topline revenues despite fears of a disappointing print from a softer macro, the analyst tells investors in a research note. DigitalOcean’s performance indicates usage-names appear to be more insulated in this current environment, the firm says.
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