From Financial Modeling Prep.: 2025-01-24 08:41:00

Citi analysts initiated coverage of DigitalOcean (NYSE:DOCN) with a Buy rating and a $45 price target, highlighting the company’s strategic focus and growth potential.

DigitalOcean faced challenges in 2022-23, leading to a leadership overhaul and a shift towards a product-led growth strategy.

The new leadership team is driving enhanced product and go-to-market strategies to differentiate DigitalOcean in the cloud infrastructure market.

DigitalOcean’s growth drivers include re-engaging customers, upselling, winning clients from competitors, and expanding its reach for consistent growth and improved margins.



Read more at Financial Modeling Prep.:: DigitalOcean Positioned for a Promising Turnaround…