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What is Wall Street's Target Price for DigitalOcean Holdings Inc (DOCN) Stock Friday?

Friday, December 01, 2023 12:08 PM | InvestorsObserver Analysts

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What is Wall Street's Target Price for DigitalOcean Holdings Inc (DOCN) Stock Friday?

Analysts who follow DigitalOcean Holdings Inc (DOCN) on average expect it to climb 5.40% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns DOCN an Analyst Ranking of 30, which means it ranks higher than 30 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.8
Wall Street analysts are rating DOCN a Buy today. Find out what this means to you and get the rest of the rankings on DOCN!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With DigitalOcean Holdings Inc Stock Today?

DigitalOcean Holdings Inc (DOCN) stock is trading at $30.79 as of 11:53 AM on Friday, Dec 1, an increase of $1.17, or 3.95% from the previous closing price of $29.62. The stock has traded between $29.77 and $30.81 so far today. Volume today is below average. So far 472,746 shares have traded compared to average volume of 1,458,438 shares. Click Here to get the full Stock Report for DigitalOcean Holdings Inc stock.

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