B of A Securities cut the price target for DigitalOcean Holdings, Inc. (NYSE: DOCN) from $47 to $25. B of A Securities analyst Wamsi Mohan downgraded the stock from Buy to Underperform. DigitalOcean shares fell 6% to $24.98 in pre-market trading.
Financial Outlook
Braze is initiating guidance for the fiscal third quarter ending October 31, 2023, and updating guidance for the fiscal year ending January 31, 2024.
Metric
(in millions, except per share amounts)
FY 2024 Q3 Guidance
FY 2024 Guidance
Revenue
$116.5 - 117.5
$451.5 - 454.5
Companies Reporting Before The Bell
• Tsakos Energy Navigation (NYSE:TNP) is likely to report quarterly earnings at $1.60 per share on revenue of $174.10 million.