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 28.79% upside from DOCN’s last price of $35.33) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
DOCN Price Target
DOCN Analyst Ratings
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% | -3.76% |
May 22, 2024 | Jeff Hickey | UBS | $40.00 | $38.76 | 3.20% | 13.22% |
May 13, 2024 | David Hynes | Canaccord Genuity | $42.00 | $35.91 | 16.96% | 18.88% |
Nov 07, 2023 | Gabriela Borges | Goldman Sachs | $33.00 | $23.85 | 38.36% | -6.59% |
Dec 08, 2022 | Mike Cikos | Needham | $36.00 | $29.75 | 21.03% | 1.90% |
Jul 11, 2022 | Josh Baer | Morgan Stanley | $45.00 | $40.39 | 11.41% | 27.37% |
May 19, 2022 | Timothy Horan | Oppenheimer | $80.00 | $41.48 | 92.86% | 126.44% |
May 15, 2022 | Gabriela Borges | Goldman Sachs | $49.00 | $37.80 | 29.63% | 38.69% |
Apr 28, 2022 | Michael Turits | KeyBanc | $54.00 | $44.05 | 22.59% | 52.84% |
Apr 05, 2022 | James Fish | Piper Sandler | $72.00 | $56.85 | 26.65% | 103.79% |
DigitalOcean Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | - | 4 |
Avg Price Target | - | - | $37.25 |
Last Closing Price | $35.33 | $35.33 | $35.33 |
Upside/Downside | -100.00% | -100.00% | 5.43% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Oct 11, 2024 | Barclays | Overweight | Overweight | Hold |
Oct 04, 2024 | Canaccord Genuity | Buy | Buy | Hold |
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 |
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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $169.81M | $165.13M | $163.00M | $152.12M | $133.88M | $127.33M | $119.66M | $111.43M | $103.81M | $93.66M |
Avg Forecast | $253.07M | $246.35M | $239.63M | $231.31M | $228.80M | $221.60M | $215.28M | $206.58M | $200.16M | $196.64M | $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 | $253.07M | $246.35M | $239.63M | $231.31M | $228.80M | $221.60M | $215.28M | $206.58M | $200.16M | $196.85M | $188.63M | $182.62M | $179.10M | $174.94M | $169.96M | $164.11M | $161.10M | $148.21M | $134.53M | $126.27M | $119.05M | $108.66M | $98.29M | $90.36M |
Low Forecast | $253.07M | $246.35M | $239.63M | $231.31M | $228.80M | $221.60M | $215.28M | $206.58M | $200.16M | $196.55M | $188.63M | $182.62M | $177.53M | $172.79M | $169.96M | $164.11M | $161.10M | $148.21M | $134.53M | $126.27M | $119.05M | $108.66M | $98.29M | $90.36M |
# Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 3 | 6 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 1.01% | 1.03% | 1.00% | 1.01% | 1.01% | 1.03% | 1.06% | 1.04% |
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 | Jun 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 | 7 | 5 | 5 | 10 | 7 |
EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.53M | $24.64M | $-10.69M | $38.29M | $19.08M | $11.61M | $13.32M | $20.57M | $19.16M | $20.86M |
Avg Forecast | $43.45M | $42.30M | $41.14M | $39.71M | $39.28M | $38.05M | $36.96M | $35.47M | $34.37M | $33.76M | $32.39M | $17.29M | $30.58M | $29.76M | $29.18M | $15.72M | $13.02M | $25.45M | $23.10M | $14.29M | $20.44M | $55.54M | $16.87M | $15.51M |
High Forecast | $43.45M | $42.30M | $41.14M | $39.71M | $39.28M | $38.05M | $36.96M | $35.47M | $34.37M | $33.80M | $32.39M | $20.75M | $30.75M | $30.04M | $29.18M | $18.86M | $15.63M | $25.45M | $23.10M | $17.15M | $20.44M | $66.65M | $16.87M | $15.51M |
Low Forecast | $43.45M | $42.30M | $41.14M | $39.71M | $39.28M | $38.05M | $36.96M | $35.47M | $34.37M | $33.75M | $32.39M | $13.83M | $30.48M | $29.67M | $29.18M | $12.57M | $10.42M | $25.45M | $23.10M | $11.43M | $20.44M | $44.43M | $16.87M | $15.51M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.22% | 1.57% | -0.82% | 1.50% | 0.83% | 0.81% | 0.65% | 0.37% | 1.14% | 1.34% |
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 | Jun 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 | 7 | 5 | 5 | 10 | 7 |
Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.98M | $-34.94M | $-10.07M | $10.10M | $-6.19M | $-18.12M | $-12.13M | $-1.85M | $-2.19M | $-3.34M |
Avg Forecast | $48.25M | $49.83M | $50.13M | $46.79M | $44.86M | $44.37M | $43.32M | $39.52M | $35.52M | $37.92M | $36.90M | $-27.96M | $34.29M | $33.87M | $38.17M | $-25.42M | $-11.86M | $21.51M | $9.66M | $-23.11M | $8.54M | $-5.00M | $4.93M | $869.16K |
High Forecast | $48.25M | $49.83M | $50.13M | $46.79M | $44.86M | $44.37M | $43.32M | $39.52M | $35.52M | $38.87M | $36.91M | $-22.37M | $35.21M | $43.03M | $38.17M | $-20.33M | $-9.48M | $21.51M | $9.66M | $-18.49M | $8.54M | $-4.00M | $4.93M | $869.16K |
Low Forecast | $48.25M | $49.83M | $50.13M | $46.79M | $44.86M | $44.37M | $43.32M | $39.52M | $35.52M | $36.03M | $36.89M | $-33.55M | $33.36M | $31.13M | $38.17M | $-30.50M | $-14.23M | $21.51M | $9.66M | $-27.73M | $8.54M | $-6.00M | $4.93M | $869.16K |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.10% | 1.37% | 0.85% | 0.47% | -0.64% | 0.78% | -1.42% | 0.37% | -0.44% | -3.84% |
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 | Jun 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 | 7 | 5 | 5 | 10 | 7 |
SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $64.96M | $66.65M | $75.26M | $57.94M | $57.06M | $56.47M | $49.17M | $39.67M | $36.17M | $28.46M |
Avg Forecast | $95.45M | $92.91M | $90.38M | $87.24M | $86.29M | $83.58M | $81.19M | $77.91M | $75.49M | $74.16M | $71.14M | $87.12M | $67.17M | $65.38M | $64.10M | $79.20M | $48.07M | $55.90M | $50.74M | $72.00M | $44.90M | $107.10M | $37.07M | $34.08M |
High Forecast | $95.45M | $92.91M | $90.38M | $87.24M | $86.29M | $83.58M | $81.19M | $77.91M | $75.49M | $74.24M | $71.14M | $104.54M | $67.55M | $65.98M | $64.10M | $95.04M | $57.69M | $55.90M | $50.74M | $86.40M | $44.90M | $128.52M | $37.07M | $34.08M |
Low Forecast | $95.45M | $92.91M | $90.38M | $87.24M | $86.29M | $83.58M | $81.19M | $77.91M | $75.49M | $74.13M | $71.14M | $69.69M | $66.96M | $65.17M | $64.10M | $63.36M | $38.46M | $55.90M | $50.74M | $57.60M | $44.90M | $85.68M | $37.07M | $34.08M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 0.84% | 1.57% | 1.04% | 1.12% | 0.78% | 1.10% | 0.37% | 0.98% | 0.84% |
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 | Jun 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 | 7 | 5 | 5 | 10 | 7 |
EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.04 | $-0.37 | $-0.10 | $0.10 | $-0.06 | $-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 | $0.51 | $0.53 | $0.53 | $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 | $0.19 | $0.23 | $0.10 | $0.12 | $0.09 | $0.07 | $0.05 | $0.01 |
Low Forecast | $0.51 | $0.53 | $0.53 | $0.50 | $0.48 | $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 | $0.12 | $0.09 | $0.07 | $0.05 | $0.01 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.11% | -1.28% | -0.51% | 0.44% | -0.59% | -1.47% | -1.21% | -0.28% | -0.38% | -7.56% |
DigitalOcean Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
PATH | UiPath | $12.32 | $25.43 | 106.41% | Hold |
OKTA | Okta | $73.24 | $116.97 | 59.71% | Hold |
MDB | MongoDB | $267.39 | $373.27 | 39.60% | Buy |
DOCN | DigitalOcean | $35.33 | $45.50 | 28.79% | Buy |
ZS | Zscaler | $184.90 | $232.54 | 25.77% | Buy |
NET | Cloudflare | $86.49 | $95.00 | 9.84% | Hold |
CRWD | CrowdStrike | $298.88 | $321.14 | 7.45% | Buy |
PANW | Palo Alto Networks | $361.12 | $315.68 | -12.58% | Buy |
DOCN Forecast FAQ
Is DigitalOcean a good buy?
Yes, according to 10 Wall Street analysts, DigitalOcean (DOCN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 70.00% 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 28.79% from its last price of $35.33. The data is based on 10 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 28.79% (from the last price of $35.33 to the average price target of $45.5), up by 126.44% based on the highest stock price target, and down by -6.59% based on the lowest stock price target.
Can DigitalOcean stock reach $50?
DOCN's highest twelve months analyst stock price target of $80 supports the claim that DigitalOcean can reach $50 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 $872.27M (high $872.27M, low $872.27M), average EBITDA is $149.76M (high $149.76M, low $149.76M), average net income is $172.06M (high $172.06M, low $172.06M), average SG&A $328.97M (high $328.97M, low $328.97M), and average EPS is $1.83 (high $1.83, low $1.83). DOCN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $970.37M (high $970.37M, low $970.37M), average EBITDA is $166.6M (high $166.6M, low $166.6M), average net income is $195M (high $195M, low $195M), average SG&A $365.97M (high $365.97M, low $365.97M), and average EPS is $2.08 (high $2.08, low $2.08).
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, beating the average prediction of $75.85M by 14.20%. The company's net income was $-24.283M, beating the average estimation of $-3.789M by 540.95%. Apple's SG&A was $246.73M, beating the average forecast of $226.71M by 8.83%. 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%