Cloud computing company DigitalOcean Holdings got a $200 price target from Citron Research . Shares of the company were at $56.65 as of Monday close.
Citron indicated that "simplicity” has become the key to gaining share in the small and medium sized business market. In that report, Citron also described DigitalOcean as "the Shopify of cloud computing." According to Citron, while Amazon Web Services sells a product that is expensive and “very difficult to use”, DigitalOcean, like Shopify has created an “easy solution” for SMBs.