DigitalOcean (DOCN) Stock Forecast, Price Target & Predictions
DOCN Stock Forecast
DigitalOcean stock forecast is as follows: an average price target of $45.50 (represents a 11.06% upside from DOCN’s last price of $40.97) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
DOCN Price Target
The average price target for DigitalOcean (DOCN) is $45.50 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $80.00 to $33.00. This represents a potential 11.06% upside from DOCN's last price of $40.97.
DOCN Analyst Ratings
According to 9 Wall Street analysts, DigitalOcean's rating consensus is 'Buy'. The analyst rating breakdown for DOCN stock is 0 'Strong Buy' (0.00%), 6 'Buy' (66.67%), 3 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
DigitalOcean Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 15, 2024 | James Fish | Piper Sandler | $34.00 | $33.20 | 2.41% | -17.01% |
| May 22, 2024 | Jeff Hickey | UBS | $40.00 | $38.76 | 3.20% | -2.37% |
| May 13, 2024 | David Hynes | Canaccord Genuity | $42.00 | $35.91 | 16.96% | 2.51% |
| Nov 07, 2023 | Gabriela Borges | Goldman Sachs | $33.00 | $23.85 | 38.36% | -19.45% |
| Dec 08, 2022 | Mike Cikos | Needham | $36.00 | $29.75 | 21.03% | -12.13% |
| Jul 11, 2022 | Josh Baer | Morgan Stanley | $45.00 | $40.39 | 11.41% | 9.84% |
| May 19, 2022 | Timothy Horan | Oppenheimer | $80.00 | $41.48 | 92.86% | 95.26% |
| May 15, 2022 | Gabriela Borges | Goldman Sachs | $49.00 | $37.80 | 29.63% | 19.60% |
| Apr 28, 2022 | Michael Turits | KeyBanc | $54.00 | $44.05 | 22.59% | 31.80% |
| Apr 05, 2022 | James Fish | Piper Sandler | $72.00 | $56.85 | 26.65% | 75.74% |
The latest DigitalOcean stock forecast, released on Jul 15, 2024 by James Fish from Piper Sandler, set a price target of $34.00, which represents a 2.41% increase from the stock price at the time of the forecast ($33.20), and a -17.01% decrease from DOCN last price ($40.97).
DigitalOcean Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 4 |
| Avg Price Target | - | $34.00 | $37.25 |
| Last Closing Price | $40.97 | $40.97 | $40.97 |
| Upside/Downside | -100.00% | -17.01% | -9.08% |
In the current month, the average price target of DigitalOcean stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to DigitalOcean's last price of $40.97. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 15, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| May 22, 2024 | UBS | - | Neutral | Initialise |
| Oct 23, 2023 | Piper Sandler | Overweight | Neutral | Upgrade |
| Sep 08, 2023 | RBC Capital | - | Outperform | Initialise |
| Sep 08, 2023 | Goldman Sachs | Sell | Buy | Initialise |
| Jan 10, 2023 | Barclays | Overweight | Overweight | Hold |
| Dec 15, 2022 | Needham | Buy | Buy | Hold |
| Dec 08, 2022 | Needham | - | Buy | Initialise |
| Oct 25, 2022 | Goldman Sachs | Sell | Sell | Hold |
| Jul 13, 2022 | Goldman Sachs | Neutral | Sell | Downgrade |
DigitalOcean's last stock rating was published by Piper Sandler on Jul 15, 2024. The company gave DOCN a "Neutral" rating, the same as its previous rate.
DigitalOcean Financial Forecast
DigitalOcean Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $169.81M | $165.13M | $163.00M | $152.12M | - | $127.33M | $119.66M | $111.43M | $103.81M | $93.66M |
| Avg Forecast | $253.08M | $246.34M | $239.64M | $231.30M | $228.16M | $221.29M | $215.28M | $206.59M | $200.13M | $196.73M | $188.63M | $182.62M | $178.09M | $173.36M | $169.96M | $164.11M | $161.10M | $148.21M | $134.53M | $126.27M | $119.05M | $108.66M | $98.29M | $90.36M |
| High Forecast | $253.80M | $247.04M | $240.32M | $231.96M | $228.81M | $221.92M | $215.89M | $207.18M | $200.70M | $196.94M | $189.17M | $183.14M | $179.10M | $174.94M | $170.44M | $164.57M | $161.56M | $148.63M | $134.53M | $128.38M | $121.04M | $110.48M | $99.94M | $91.87M |
| Low Forecast | $252.71M | $245.98M | $239.28M | $230.96M | $227.82M | $220.96M | $214.96M | $206.28M | $199.84M | $196.64M | $188.35M | $182.35M | $177.53M | $172.79M | $169.71M | $163.86M | $160.86M | $147.99M | $134.53M | $124.41M | $117.29M | $107.06M | $96.84M | $89.03M |
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 3 | 6 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 1.01% | 1.03% | - | 1.01% | 1.01% | 1.03% | 1.06% | 1.04% |
DigitalOcean's average Quarter revenue forecast for Sep 23 based on 11 analysts is $173.36M, with a low forecast of $172.79M, and a high forecast of $174.94M. DOCN's average Quarter revenue forecast represents a 2.09% increase compared to the company's last Quarter revenue of $169.81M (Jun 23).
DigitalOcean EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 3 | 6 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.53M | $24.64M | $-10.69M | $38.29M | - | $11.61M | $13.32M | $20.57M | $19.16M | $20.86M |
| Avg Forecast | $43.45M | $42.29M | $41.14M | $39.71M | $39.17M | $37.99M | $36.96M | $35.47M | $34.36M | $33.78M | $32.39M | $17.29M | $30.58M | $29.76M | $29.18M | $15.72M | $27.66M | $61.09M | $23.10M | $14.29M | $11.84M | $55.54M | $16.87M | $15.51M |
| High Forecast | $43.57M | $42.41M | $41.26M | $39.82M | $39.28M | $38.10M | $37.07M | $35.57M | $34.46M | $33.81M | $32.48M | $20.75M | $30.75M | $30.04M | $29.26M | $18.86M | $27.74M | $73.31M | $23.10M | $17.15M | $14.21M | $66.65M | $17.16M | $15.77M |
| Low Forecast | $43.39M | $42.23M | $41.08M | $39.65M | $39.11M | $37.94M | $36.91M | $35.42M | $34.31M | $33.76M | $32.34M | $13.83M | $30.48M | $29.67M | $29.14M | $12.57M | $27.62M | $48.87M | $23.10M | $11.43M | $9.47M | $44.43M | $16.63M | $15.28M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.22% | 1.57% | -0.39% | 0.63% | - | 0.81% | 1.13% | 0.37% | 1.14% | 1.34% |
11 analysts predict DOCN's average Quarter EBITDA for Sep 23 to be $29.76M, with a high of $30.04M and a low of $29.67M. This is 356.01% upper than DigitalOcean's previous annual EBITDA (Jun 23) of $6.53M.
DigitalOcean Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 3 | 6 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.98M | $-34.94M | $-10.07M | $10.10M | - | $-18.12M | $-12.13M | $-1.85M | $-2.19M | $-3.34M |
| Avg Forecast | $48.25M | $49.83M | $50.13M | $46.79M | $44.65M | $44.19M | $43.15M | $39.37M | $35.32M | $37.65M | $36.90M | $-27.96M | $34.29M | $33.87M | $38.17M | $-25.42M | $18.26M | $-5.50M | $9.65M | $-23.11M | $-10.78M | $-5.00M | $4.83M | $852.46K |
| High Forecast | $48.43M | $50.02M | $50.32M | $46.96M | $44.82M | $44.35M | $43.31M | $39.51M | $35.45M | $38.59M | $37.04M | $-22.37M | $35.21M | $43.03M | $38.31M | $-20.33M | $18.33M | $-4.40M | $9.65M | $-18.49M | $-8.62M | $-4.00M | $4.94M | $871.03K |
| Low Forecast | $48.16M | $49.74M | $50.04M | $46.70M | $44.57M | $44.10M | $43.07M | $39.29M | $35.25M | $35.77M | $36.83M | $-33.55M | $33.36M | $31.13M | $38.10M | $-30.50M | $18.22M | $-6.60M | $9.65M | $-27.73M | $-12.93M | $-6.00M | $4.74M | $836.13K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.10% | 1.37% | -0.55% | -1.84% | - | 0.78% | 1.13% | 0.37% | -0.45% | -3.92% |
DigitalOcean's average Quarter net income forecast for Sep 23 is $33.87M, with a range of $31.13M to $43.03M. DOCN's average Quarter net income forecast represents a 750.88% increase compared to the company's last Quarter net income of $3.98M (Jun 23).
DigitalOcean SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 3 | 6 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $64.96M | $66.65M | $75.26M | $57.94M | - | $56.47M | $49.17M | $39.67M | $36.17M | $28.46M |
| Avg Forecast | $95.45M | $92.91M | $90.38M | $87.24M | $86.05M | $83.46M | $81.19M | $77.91M | $75.48M | $74.20M | $71.14M | $87.12M | $67.17M | $65.38M | $64.10M | $79.20M | $60.76M | $117.81M | $50.74M | $72.00M | $43.70M | $107.10M | $37.07M | $34.08M |
| High Forecast | $95.72M | $93.17M | $90.64M | $87.48M | $86.29M | $83.70M | $81.42M | $78.14M | $75.69M | $74.27M | $71.34M | $104.54M | $67.55M | $65.98M | $64.28M | $95.04M | $60.93M | $141.37M | $50.74M | $86.40M | $52.44M | $128.52M | $37.69M | $34.65M |
| Low Forecast | $95.31M | $92.77M | $90.25M | $87.11M | $85.92M | $83.34M | $81.07M | $77.80M | $75.37M | $74.16M | $71.04M | $69.69M | $66.96M | $65.17M | $64.00M | $63.36M | $60.67M | $94.25M | $50.74M | $57.60M | $34.96M | $85.68M | $36.52M | $33.58M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 0.84% | 1.24% | 0.49% | - | 0.78% | 1.13% | 0.37% | 0.98% | 0.84% |
DigitalOcean's average Quarter SG&A projection for Sep 23 is $65.38M, based on 11 Wall Street analysts, with a range of $65.17M to $65.98M. The forecast indicates a 0.65% rise compared to DOCN last annual SG&A of $64.96M (Jun 23).
DigitalOcean EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 3 | 6 | 11 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 5 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.04 | $-0.37 | $-0.10 | $0.10 | - | $-0.17 | $-0.11 | $-0.02 | $-0.02 | $-0.07 |
| Avg Forecast | $0.51 | $0.53 | $0.53 | $0.50 | $0.48 | $0.47 | $0.46 | $0.42 | $0.38 | $0.40 | $0.39 | $0.38 | $0.37 | $0.36 | $0.41 | $0.29 | $0.19 | $0.23 | $0.10 | $0.12 | $0.09 | $0.07 | $0.05 | $0.01 |
| High Forecast | $0.52 | $0.53 | $0.54 | $0.50 | $0.48 | $0.47 | $0.46 | $0.42 | $0.38 | $0.41 | $0.39 | $0.38 | $0.38 | $0.46 | $0.41 | $0.29 | $0.20 | $0.23 | $0.10 | $0.12 | $0.09 | $0.07 | $0.05 | $0.01 |
| Low Forecast | $0.51 | $0.53 | $0.53 | $0.50 | $0.47 | $0.47 | $0.46 | $0.42 | $0.38 | $0.38 | $0.39 | $0.38 | $0.36 | $0.33 | $0.41 | $0.29 | $0.19 | $0.23 | $0.10 | $0.11 | $0.09 | $0.07 | $0.05 | $0.01 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.11% | -1.28% | -0.51% | 0.44% | - | -1.47% | -1.21% | -0.28% | -0.38% | -7.56% |
According to 11 Wall Street analysts, DigitalOcean's projected average Quarter EPS for Sep 23 is $0.36, with a low estimate of $0.33 and a high estimate of $0.46. This represents a 707.61% increase compared to DOCN previous annual EPS of $0.04 (Jun 23).
DigitalOcean Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PATH | UiPath | $12.27 | $25.53 | 108.07% | Hold |
| OKTA | Okta | $74.21 | $120.69 | 62.63% | Hold |
| ZS | Zscaler | $170.32 | $232.54 | 36.53% | Buy |
| MDB | MongoDB | $286.80 | $373.27 | 30.15% | Buy |
| NET | Cloudflare | $79.11 | $95.00 | 20.09% | Hold |
| CRWD | CrowdStrike | $268.72 | $322.56 | 20.04% | Buy |
| DOCN | DigitalOcean | $40.97 | $45.50 | 11.06% | Buy |
| PANW | Palo Alto Networks | $337.93 | $312.48 | -7.53% | Buy |
DOCN Forecast FAQ
Is DigitalOcean a good buy?
Yes, according to 9 Wall Street analysts, DigitalOcean (DOCN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 66.67% of DOCN's total ratings.
What is DOCN's price target?
DigitalOcean (DOCN) average price target is $45.5 with a range of $33 to $80, implying a 11.06% from its last price of $40.97. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will DigitalOcean stock go up soon?
According to Wall Street analysts' prediction for DOCN stock, the company can go up by 11.06% (from the last price of $40.97 to the average price target of $45.5), up by 95.26% based on the highest stock price target, and down by -19.45% based on the lowest stock price target.
Can DigitalOcean stock reach $60?
DOCN's highest twelve months analyst stock price target of $80 supports the claim that DigitalOcean can reach $60 in the near future.
What are DigitalOcean's analysts' financial forecasts?
DigitalOcean's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $871.32M (high $873.8M, low $870.04M), average EBITDA is $149.59M (high $150.02M, low $149.37M), average net income is $171.36M (high $171.99M, low $171.03M), average SG&A $328.61M (high $329.55M, low $328.13M), and average EPS is $1.83 (high $1.83, low $1.82). DOCN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $970.37M (high $973.13M, low $968.94M), average EBITDA is $166.6M (high $167.07M, low $166.35M), average net income is $195M (high $195.73M, low $194.63M), average SG&A $365.97M (high $367.01M, low $365.43M), and average EPS is $2.08 (high $2.09, low $2.07).
Did the DOCN's actual financial results beat the analysts' financial forecasts?
Based on DigitalOcean's last annual report (Dec 2022), the company's revenue was $576.32M, beating the average analysts forecast of $570.11M by 1.09%. Apple's EBITDA was $86.63M, missing the average prediction of $126.14M by -31.32%. The company's net income was $-24.283M, beating the average estimation of $-693K by 3403.41%. Apple's SG&A was $246.73M, missing the average forecast of $301.3M by -18.11%. Lastly, the company's EPS was $-0.24, missing the average prediction of $0.643 by -137.33%. In terms of the last quarterly report (Jun 2023), DigitalOcean's revenue was $169.81M, missing the average analysts' forecast of $169.96M by -0.09%. The company's EBITDA was $6.53M, missing the average prediction of $29.18M by -77.63%. DigitalOcean's net income was $3.98M, missing the average estimation of $38.17M by -89.57%. The company's SG&A was $64.96M, beating the average forecast of $64.1M by 1.34%. Lastly, the company's EPS was $0.0447, missing the average prediction of $0.407 by -89.01%