Barclays Remains a Buy on DigitalOcean Holdings (DOCN)

Tip Ranks
2025.11.07 01:27
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Barclays analyst Raimo Lenschow has reiterated a Buy rating on DigitalOcean Holdings (DOCN) with a price target of $49.00, while the stock closed at $45.81. Lenschow has an average return of 11.2% and a 59.55% success rate. Additionally, Canaccord Genuity also issued a Buy rating, while UBS maintained a Hold rating on the stock.

In a report released on November 5, Raimo Lenschow from Barclays maintained a Buy rating on DigitalOcean Holdings, with a price target of $49.00. The company’s shares closed yesterday at $45.81.

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Lenschow covers the Technology sector, focusing on stocks such as CoreWeave, Atlassian, and Oracle. According to TipRanks, Lenschow has an average return of 11.2% and a 59.55% success rate on recommended stocks.

In addition to Barclays, DigitalOcean Holdings also received a Buy from Canaccord Genuity’s David Hynes in a report issued yesterday. However, on the same day, UBS maintained a Hold rating on DigitalOcean Holdings (NYSE: DOCN).

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