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Investing.com -- Stifel upgraded DigitalOcean Holdings to Buy from Hold and raised its price target to $160 from $135, arguing that growing demand for AI infrastructure, higher GPU pricing and additional capacity expansion should drive stronger earnings and revenue growth over the next several years.
DigitalOcean's solid quarterly report has sent the stock soaring, and there is a chance this cloud stock will continue to head higher amid improving growth prospects.
(Updates with the latest stock movement in the first paragraph and headline.) DigitalOcean (DOCN)
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