On August 12, DigitalOcean Holdings, Inc. rose 5.15% in regular trading, trading at $133.75/share, with turnover of $31.17 million. The rebound was driven by continued repricing of strong Q2 results and upwardly revised full-year guidance.

On the earnings front, the company reported Q2 adjusted EPS of $0.45, surpassing the consensus estimate of $0.26 by 73%. Revenue reached $281.18 million, up approximately 29% year over year, beating the $279.19 million estimate. The company simultaneously raised its full-year Non-GAAP EPS guidance to a range of $1.35 to $1.40, well above the market expectation of $1.24.

Earlier in the session, shares had declined over 5% after UBS cut its price target from $155 to $140 while maintaining a Neutral rating. However, the stock recovered as investors refocused on fundamental strength. FactSet data shows the average analyst target price stands at $177.20, significantly above the current level, with an overall Overweight rating supporting the rebound.

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