BofA Raises DigitalOcean (DOCN) PT as Viral “Clawdbot” Success Fuels Agentic AI Growth

DigitalOcean Holdings Inc. (NYSE:DOCN) is one of the best performing new tech stocks to buy now. On January 27, Bank of America analyst Wamsi Mohan raised the firm’s price target on DigitalOcean to 72from72 from 60 with a Buy rating. Mohan noted that the company’s shares are trading higher as agentic AI assistants, specifically Clawdbot, gain traction across developer communities. The firm is raising its multiple to reflect the early innings of agentic AI adoption and broadening use cases. DigitalOcean is posi ...