DigitalOcean price target raised to $42 from $41 at Canaccord

Canaccord analyst David Hynes raised the firm’s price target on DigitalOcean to $42 from $41 and keeps a Buy rating on the shares. The firm sdaid there is a concerted effort in every pocket of the company to be customer-centric, and they are seeing early signs of that playing out positively. Looking at the financials, they are seeing continued stabilization alongside modest improvement across key metrics.