** Shares of cloud computing platform DigitalOcean Holdings DOCN.N rise 8% to $41.80
** Brokerage Citigroup initiates coverage with "buy" rating and PT of $45
** DOCN has shown ability to not only maintain market share but also deliver sustainable growth as it carves out and focuses efforts on a largely underserviced segment of the market - Citigroup
** Citigroup believes DOCN's new leadership comes "with much-needed technical horsepower and experience" to identify customer challenges and satisfy necessary product differentiation
** Seven of 14 brokerages rate the stock "buy" or higher, six rate "hold" and one rates "sell"; their median PT is $40, according to data compiled by LSEG
** DOCN had fallen 7% in 2024
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com;))
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