|Bid||41.11 x 800|
|Ask||41.13 x 900|
|Day's range||40.65 - 43.19|
|52-week range||30.05 - 133.40|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||03 Aug 2022 - 08 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||58.60|
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.
DigitalOcean Holdings (NYSE: DOCN) plays a different game than Amazon Web Services and the other giant cloud platforms. A small set of core cloud computing products, simple pricing with no surprises, free support and resources, and an easy-to-use platform have attracted around 623,000 customers. AWS has become the default choice for many, but it's often not the best choice for developers and small businesses.
EquityZen Co-Founder and Chief Strategy Officer Phil Haslett joins Yahoo Finance Live to discuss the state of the U.S. IPO market and startups in the private market.