Tuesday, 26 October 2021 09:45 GMT

DigitalOcean Holdings Inc. Looks to Continue to Trade Above its Annual-High Share Price Today


(MENAFN- Investor Brand Network) Shares of DigitalOcean Holdings Inc. (NYSE:DOCN) traded today at $90.33, eclipsing its 52-week high. This new high was reached on below average trading volume as 913,000 shares traded hands, while the average 30-day volume is approximately 2.7 million shares.

DigitalOcean Holdings Inc is one of the leading cloud computing platforms offeringon-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others.

In the past 52 weeks, shares of DigitalOcean Holdings Inc. have traded between a low of $35.35 and a high of $90.33 and is now at $89.77, which is 154% above that low price.

Potential upside of 38.1% exists for DigitalOcean Holdings Inc., based on a current level of $89.77 and analysts’ average consensus price target of $124.00.

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