Morgan Stanley Adjusts Price Target for DigitalOcean
Morgan Stanley has maintained its $75 price target for DigitalOcean (DOCN) but outlined a bull case for the stock to reach $160 if execution continues to improve. The company reported a 150% year-over-year increase in AI customer ARR, with over 70% tied to inference and core cloud products. The upcoming Q1 earnings report on May 5 could serve as a catalyst for the stock.
Topics: AI DigitalOcean Morgan Stanley Price Target Stock Performance