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Why Digital Ocean Surged Nearly 12% Higher Today

Eric Volkman, The Motley Fool
·2-min read
Why Digital Ocean Surged Nearly 12% Higher Today

Cloud computing services provider Digital Ocean (NYSE: DOCN) was a big winner in the stock market sweepstakes Thursday. Although that looks high at first glance, it's worth noting that many of the company's offerings are relatively inexpensive (a basic virtual server, for example, is priced at $5 per month). Thursday morning, Oppenheimer analyst Timothy Horan weighed in positively about the move, reiterating his outperform (read: buy) recommendation on the shares and his $80 per-share price target.

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