Top 10 AI Stocks News: Latest Analyst Ratings And Upgrades

8. DigitalOcean Holdings Inc. (NYSE:DOCN

Number of Hedge Fund Holders: 22

DigitalOcean Holdings Inc. (NYSE:DOCN) is a cloud service provider with data centers globally. It offers an infrastructure as a service (IaaS) platform, equipping software developers with powerful virtual machines to run their AI/ML workloads and seamlessly create and deploy AI agents with enhanced customization features to deliver context-aware responses for diverse use cases.

On Monday, January 27th, JMP Securities analyst Patrick Walravens increased DigitalOcean Holdings Inc.’s (NYSE:DOCN) stock target price to $55 from $47 and maintained an “Outperform” rating on the company shares. The brokerage recently attended DigitalOcean Deploy, the company’s annual user conference, and found that most of the cloud provider’s clients expect their spending to increase over the next 12-18 months. Analysts see DigitalOcean Holdings Inc. (NYSE:DOCN) as an opportunity for long-term capital appreciation.