DigitalOcean Announces Third Quarter 2022 Financial Results
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DigitalOcean's (DOCN) Q3 'marked a material slowdown'
November 8, 2022 12:16 PM ESTDigitalOcean (NYSE: DOCN) was downgraded to Neutral from Overweight by JPMorgan on Monday, with its price target cut to $27 from $50 per share.
JPMorgan analyst Pinjalim Bora told investors in a note that Digital Ocean's Q3 "marked a material slowdown in organic revenue and net-new ARR additions, as it was impacted by a challenging macro environment, in addition to continued headwinds from Russia/Ukraine and the Blockchain vertical."
The analyst added that based on the current guidance, they expect the headwinds to... More
JPMorgan Downgrades DigitalOcean (DOCN) to Neutral
November 8, 2022 5:37 AM ESTJPMorgan analyst Pinjalim Bora downgraded DigitalOcean (NYSE: DOCN) from to Neutral with a price target of $27.00 (from $50.00).
The analyst comments "Digital Oceans Q3 marked a material slowdown in organic revenue and net-new ARR additions, as it was impacted by a challenging macro environment, in addition to continued headwinds from Russia/Ukraine and the Blockchain... More
