DigitalOcean (DOCN) Tops Q3 EPS by 15c
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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
