Stifel Upgrades DigitalOcean to Buy; Baird Initiates at Outperform

Stifel upgraded DigitalOcean (DOCN) from Hold to Buy due to increased adoption of open-weight models, which are expected to lower token pricing and drive long-term demand. Baird also initiated coverage with an Outperform rating.

By Brandon Evans, SA News Editor · Seeking Alpha · July 22, 2026, 13:34 UTC

Stifel Upgrades DigitalOcean to Buy; Baird Initiates at Outperform

Tickers: $DOCN

Topics: AI adoption DigitalOcean open-weight models stock upgrade

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