DigitalOcean Holdings, Inc.

DigitalOcean Holdings, Inc. Stock Forecast & Price Prediction

Live DigitalOcean Holdings, Inc. Stock (DOCN) Price
$39.39

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$39.39

P/E Ratio

45.80

Volume Traded Today

$1.0M

Dividend

Dividends not available for DOCN

52 Week High/low

44.80/26.10

DigitalOcean Holdings, Inc. Market Cap

$3.63B

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DOCN Summary

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.

DOCN Analyst Ratings

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.

DOCN stock forecast by analyst

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

DOCN Company Information

What They Do: Provides cloud computing solutions for developers.

Business Model: The company operates a cloud computing platform that generates revenue through a range of services, including infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS). It offers managed hosting, compute and storage services, and specific tools for AI and machine learning applications, catering primarily to developers, start-ups, and small businesses.

Other Information: Founded in 2012 and based in New York, DigitalOcean serves a diverse clientele across various industries, supporting use cases such as web applications, e-commerce, and AI/ML projects. Its marketplace allows developers access to pre-configured applications, enhancing the user experience.
DOCN
DigitalOcean Holdings, Inc. (DOCN)

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

DigitalOcean Holdings, Inc. (DOCN) Financial Data

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

$318.4M

Revenue From 2021

$428.6M

34.61 %
From Previous Year

Revenue From 2022

$576.3M

34.48 %
From Previous Year

Revenue From 2023

$692.9M

20.23 %
From Previous Year
  • Revenue TTM $756.6M
  • Operating Margin TTM 12.4%
  • Gross profit TTM $408.9M
  • Return on assets TTM 4.4%
  • Return on equity TTM -6.2%
  • Profit Margin 10.9%
  • Book Value Per Share -2.29%
  • Market capitalisation $3.63B
  • Revenue for 2021 $428.6M
  • Revenue for 2022 $576.3M
  • Revenue for 2023 $692.9M
  • EPS this year (TTM) $0.86

DigitalOcean Holdings, Inc. (DOCN) Latest News

News Image

Thu, 07 Nov 2024

Sentiment - POSITIVE

Source - PYMNTS

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.

News Image

Mon, 04 Nov 2024

Sentiment - NEGATIVE

Source - The Motley Fool

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.

News Image

Mon, 04 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

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.

News Image

Mon, 04 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

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.

News Image

Mon, 04 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

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.

News Image

Mon, 04 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

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.

...

DOCN Frequently asked questions

The highest forecasted price for DOCN is $48 from Kingsley Crane at Canaccord Genuity.

The lowest forecasted price for DOCN is $28 from Josh Baer from Morgan Stanley

The DOCN analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.