DigitalOcean assumed with a Buy rating at Canaccord 10/10 DOCN Canaccord analyst David Hynes lowered the firm's price target on DigitalOcean to $49 from $55 and was assumed with Buy rating on the shares. The analyst said its simple, intuitive cloud computing platform appeals to lone-wolf developers and cloud teams at hyper-growth tech startups alike. He said early indicators from the company's ongoing ramp in direct sales investments appear promising and he sees a reasonable pathway for the company to achieve its 2024 model targets of 30%+ top-line growth with 25% EBIT margins.
29.52 lol... I'm gonna be mad if you're wrong lol. I should have sold the $30 calls against it for $2.50... too late now.
It was $26.30 when I posted, $2.1-$2.40, hit $29.80 calls $3.6-$3.70 and faded. The reserve books on the $30c were heavy at certain prices.