The DigitalOcean Holdings, Inc. (DOCN) share price is expected to increase by 3.4% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered DOCN. Price targets range from $28 at the low end to $48 at the high end. The current analyst consensus for DOCN is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
About 0 Wall Street analysts have assigned DOCN 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect DigitalOcean Holdings, Inc. to perform worse than the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on DOCN. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of DOCN.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Mike Cikos Needham | Hold | Reiterates | Nov 5, 2024 | |
Pinjalim Bora JP Morgan | Neutral | $40 | Maintains | Oct 25, 2024 |
Raimo Lenschow Barclays | Overweight | $48 | Maintains | Oct 11, 2024 |
Kingsley Crane Canaccord Genuity | Buy | $48 | Maintains | Oct 4, 2024 |
Brad Reback Stifel | Hold | $35 | Maintains | Aug 9, 2024 |
Raimo Lenschow Barclays | Overweight | $38 | Maintains | Aug 9, 2024 |
Jeff Hickey UBS | Neutral | $34 | Maintains | Aug 9, 2024 |
James Fish Piper Sandler | Neutral | $34 | Maintains | Jul 15, 2024 |
Jeff Hickey UBS | Neutral | $40 | Initiates | May 22, 2024 |
Patrick Walravens JMP Securities | Market Outperform | $47 | Reiterates | May 13, 2024 |
David Hynes Canaccord Genuity | Buy | $42 | Maintains | May 13, 2024 |
Mike Cikos Needham | Hold | Reiterates | May 13, 2024 | |
Patrick Walravens JMP Securities | Market Outperform | $47 | Reiterates | Mar 21, 2024 |
Timothy Horan Oppenheimer | Outperform | $46 | Maintains | Feb 22, 2024 |
James Fish Piper Sandler | Neutral | $38 | Maintains | Feb 22, 2024 |
Raimo Lenschow Barclays | Overweight | $43 | Maintains | Jan 12, 2024 |
Timothy Horan Oppenheimer | Outperform | $37 | Upgrade | Nov 21, 2023 |
Gabriela Borges Goldman Sachs | Buy | $33 | Upgrade | Nov 7, 2023 |
James Fish Piper Sandler | Neutral | $25 | Maintains | Nov 3, 2023 |
Kingsley Crane Canaccord Genuity | Buy | $33 | Maintains | Oct 31, 2023 |
When did it IPO
2021
Staff Count
1,156
Country
United States
Sector/Industry
Technology/Software - Infrastructure
CEO
Mr. Padmanabhan T. Srinivasan
Market Cap
$3.63B
In 2023, DOCN generated $692.9M in revenue, which was a increase of 20.23% from the previous year. This can be seen as a signal that DOCN's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Enterprise technology providers like Palantir and Lumen are experiencing increased demand due to a rise in artificial intelligence (AI) adoption.
Why It Matters - The surge in AI adoption boosts demand for enterprise technology, potentially increasing revenue and stock value for companies like Palantir and Lumen, impacting investors' portfolios.
Summary - Investors are reacting unexpectedly despite the company reporting relatively strong financial numbers.
Why It Matters - Investor reactions may indicate market sentiment diverging from fundamentals, potentially signaling volatility or mispricing of the stock, impacting future investment decisions.
Summary - DigitalOcean Holdings, Inc. (NYSE:DOCN) will hold its Q3 2024 Earnings Conference Call on November 4, 2024, at 8:00 AM ET, featuring key executives and analysts from major financial firms.
Why It Matters - The earnings call provides insights into DigitalOcean's financial performance, growth prospects, and strategic direction, impacting investor sentiment and stock valuation.
Summary - DigitalOcean Holdings (NYSE: DOCN) reported strong Q3 results, raising its full-year revenue guidance while maintaining free cash flow margin guidance. The company launched 42 new product features in Q3.
Why It Matters - DigitalOcean's strong Q3 results and raised revenue guidance signal robust growth and innovation, potentially enhancing investor confidence and driving stock performance.
Summary - DigitalOcean Holdings, Inc. (DOCN) reported Q3 earnings of $0.52 per share, exceeding the Zacks estimate of $0.40 and up from $0.44 per share year-over-year.
Why It Matters - DigitalOcean's earnings beat expectations, indicating strong performance and growth. This positive result may boost investor confidence and potentially drive the stock price higher.
Summary - DigitalOcean (DOCN) reported revenue and EPS for Q3 2024, with key metrics to be compared against Wall Street estimates and year-ago figures for a comprehensive performance evaluation.
Why It Matters - Comparing DigitalOcean's revenue and EPS against Wall Street estimates and year-ago figures provides insight into its growth trajectory and market positioning, impacting investor sentiment and stock performance.