DigitalOcean price target raised to $42 from $32 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on DigitalOcean to $42 from $32 and keeps an Overweight rating on the shares. The company posted a solid Q4, although results, guidance, and commentary "provide fuel for both the bulls and the bears," the analyst tells investors in a research note. The analyst thinks DigitalOcean’s "investment profile looks more balanced and appealing in this market environment."