NYSE:DOCN - New York Stock Exchange, Inc. - US25402D1028 - Common Stock - Currency: USD
DigitalOcean stock had its Relative Strength Rating upgraded to 75 Monday — a nice improvement, but still shy of the preferred 80-plus score.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the data storage industry, including Couchbase (NASDAQ:BASE) and its peers.
DigitalOcean's outlook is improving and creating a catalyst for this undervalued, underappreciated AI play. Growth has stabilized and is expected to accelerate.
The revised score means DigitalOcean stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
DigitalOcean said its generative AI solution works with both structured and unstructured data. Users can fine-tune their prompts to filter out unwanted or incorrect results and create AI agents based on their requirements.
Shares of cloud computing provider DigitalOcean (NYSE: DOCN) jumped 5.2% in the morning session after Morgan Stanley upgraded the stock's rating from Neutral to Buy and assigned a price target of $41. Citing the reason for the upgrade, the firm called out Digital Ocean's underappreciated AI opportunity.
DigitalOcean, Oracle, and Dell all look cheap relative to their growth potential.