BofA raises DigitalOcean (DOCN) PT as viral 'Clawdbot' success fuels agentic AI growth
BofA Securities has increased its price target for DigitalOcean (DOCN) to $35 from $30, maintaining a Neutral rating. The revision is driven by the perceived success of "Clawdbot," a new agentic AI, which is expected to boost DigitalOcean's growth by expanding its addressable market and attracting more AI-driven workloads. This development positions DigitalOcean as a key player in supporting the burgeoning AI industry's need for scalable and efficient infrastructure.
https://www.msn.com/en-us/money/topstocks/bofa-raises-digitalocean-docn-pt-as-viral-clawdbot-success-fuels-agentic-ai-growth/ar-AA1VixA7?ocid=finance-verthp-feeds