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Wall Street Zen upgrades DigitalOcean to "buy" after the company's Q1 earnings beat estimates.
Wall Street Zen upgraded DigitalOcean (DOCN) to a "buy" rating after the company reported Q1 earnings of $0.56 EPS and revenue of $210.70 million, exceeding estimates.
Despite a negative return on equity, analysts predict a 1.01 EPS for the year.
With an average recommendation of "Hold" from 13 firms and a price target of $39.83, DigitalOcean provides cloud computing services to developers and businesses.
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Wall Street Zen actualiza DigitalOcean para "comprar" después de que las ganancias del Q1 de la compañía superaran las estimaciones.