Goldman Sachs Maintains Sell Rating for DigitalOcean Holdings: Here's What You Need To Know

Goldman Sachs has decided to maintain its Sell rating of DigitalOcean Holdings DOCN and lower its price target from $42.00 to $34.00.

Shares of DigitalOcean Holdings are trading up 5.67% over the last 24 hours, at $38.39 per share.

A move to $34.00 would account for a 11.44% decrease from the current share price.

About DigitalOcean Holdings

DigitalOcean Holdings Inc is a cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. The group has a business presence in North America, Europe, Asia and Other countries.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.