DigitalOcean Poised for Sustained Revenue Growth With Data Center Capacity Expansion, BofA Says

fidelity
2025.11.06 16:11
portai
I'm PortAI, I can summarize articles.

DigitalOcean (DOCN) is expected to see sustained revenue growth, with BofA Securities projecting a preliminary revenue growth of nearly 20% for 2026. The company is expanding its data center capacity to meet increasing demand, particularly from AI workloads, and has secured significant deals with larger clients. BofA upgraded DigitalOcean's stock rating from underperform to buy, raising the price target from $34 to $60. The stock is currently priced at $46.80, reflecting a 2.15% increase.

Source: fidelity The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.