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 21.24% upside from DOCN’s last price of $37.53) and a rating consensus of 'Buy', based on 10 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 10 Wall Street analysts in the past 3 months, with a price target range of $80.00 to $33.00. This represents a potential 21.24% upside from DOCN's last price of $37.53.
DOCN Analyst Ratings
According to 10 Wall Street analysts, DigitalOcean's rating consensus is 'Buy'. The analyst rating breakdown for DOCN stock is 0 'Strong Buy' (0.00%), 7 'Buy' (70.00%), 3 'Hold' (30.00%), 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% | -9.41% |
| May 22, 2024 | Jeff Hickey | UBS | $40.00 | $38.76 | 3.20% | 6.58% |
| May 13, 2024 | David Hynes | Canaccord Genuity | $42.00 | $35.91 | 16.96% | 11.91% |
| Nov 07, 2023 | Gabriela Borges | Goldman Sachs | $33.00 | $23.85 | 38.36% | -12.07% |
| Dec 08, 2022 | Mike Cikos | Needham | $36.00 | $29.75 | 21.03% | -4.08% |
| Jul 11, 2022 | Josh Baer | Morgan Stanley | $45.00 | $40.39 | 11.41% | 19.90% |
| May 19, 2022 | Timothy Horan | Oppenheimer | $80.00 | $41.48 | 92.86% | 113.16% |
| May 15, 2022 | Gabriela Borges | Goldman Sachs | $49.00 | $37.80 | 29.63% | 30.56% |
| Apr 28, 2022 | Michael Turits | KeyBanc | $54.00 | $44.05 | 22.59% | 43.88% |
| Apr 05, 2022 | James Fish | Piper Sandler | $72.00 | $56.85 | 26.65% | 91.85% |
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 -9.41% decrease from DOCN last price ($37.53).
DigitalOcean Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 3 |
| Avg Price Target | - | - | $38.67 |
| Last Closing Price | $37.53 | $37.53 | $37.53 |
| Upside/Downside | -100.00% | -100.00% | 3.04% |
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 $37.53. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 04, 2024 | Bank of America Securities | Underperform | Underperform | Hold |
| 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 |
DigitalOcean's last stock rating was published by Bank of America Securities on Nov 04, 2024. The company gave DOCN a "Underperform" 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 | 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 | $258.97M | $252.50M | $245.87M | $236.86M | $229.22M | $223.44M | $216.33M | $207.60M | $200.52M | $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 | $260.57M | $254.06M | $247.38M | $238.32M | $230.63M | $224.82M | $217.66M | $208.93M | $201.00M | $196.68M | $188.63M | $182.62M | $179.10M | $174.94M | $171.01M | $165.12M | $162.09M | $148.21M | $134.53M | $126.27M | $119.05M | $108.66M | $98.29M | $90.36M |
| Low Forecast | $257.68M | $251.25M | $244.64M | $235.68M | $228.08M | $222.33M | $215.25M | $205.63M | $200.25M | $196.60M | $188.63M | $182.62M | $177.53M | $172.79M | $169.11M | $163.29M | $160.30M | $148.21M | $134.53M | $126.27M | $119.05M | $108.66M | $98.29M | $90.36M |
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 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'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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 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 | $42.36M | $41.30M | $40.21M | $38.74M | $37.49M | $36.55M | $35.38M | $33.96M | $32.80M | $32.16M | $30.85M | $17.29M | $29.13M | $28.36M | $27.80M | $15.72M | $13.02M | $25.45M | $23.10M | $14.29M | $20.44M | $55.54M | $16.87M | $15.51M |
| High Forecast | $42.62M | $41.55M | $40.46M | $38.98M | $37.72M | $36.77M | $35.60M | $34.17M | $32.88M | $32.17M | $30.85M | $20.75M | $29.29M | $28.61M | $27.97M | $18.86M | $15.63M | $25.45M | $23.10M | $17.15M | $20.44M | $66.65M | $16.87M | $15.51M |
| Low Forecast | $42.15M | $41.09M | $40.01M | $38.55M | $37.30M | $36.36M | $35.21M | $33.63M | $32.75M | $32.16M | $30.85M | $13.83M | $29.04M | $28.26M | $27.66M | $12.57M | $10.42M | $25.45M | $23.10M | $11.43M | $20.44M | $44.43M | $16.87M | $15.51M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.23% | 1.57% | -0.82% | 1.50% | 0.83% | 0.81% | 0.65% | 0.37% | 1.14% | 1.34% |
11 analysts predict DOCN's average Quarter EBITDA for Sep 23 to be $28.36M, with a high of $28.61M and a low of $28.26M. This is 334.43% 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 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 | $55.62M | $57.93M | $55.77M | $51.43M | $49.16M | $50.33M | $47.16M | $43.09M | $35.01M | $41.46M | $40.35M | $-27.96M | $37.49M | $37.04M | $41.74M | $-25.42M | $-11.86M | $21.51M | $9.66M | $-23.11M | $8.54M | $-5.00M | $4.93M | $869.16K |
| High Forecast | $56.06M | $58.40M | $56.22M | $51.84M | $49.56M | $50.74M | $47.54M | $47.30M | $43.02M | $41.63M | $40.36M | $-22.37M | $38.50M | $47.05M | $42.07M | $-20.33M | $-9.48M | $21.51M | $9.66M | $-18.49M | $8.54M | $-4.00M | $4.93M | $869.16K |
| Low Forecast | $55.26M | $57.56M | $55.41M | $51.10M | $48.85M | $50.01M | $46.86M | $36.79M | $30.01M | $41.30M | $40.33M | $-33.55M | $36.47M | $34.03M | $41.46M | $-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's average Quarter net income forecast for Sep 23 is $37.04M, with a range of $34.03M to $47.05M. DOCN's average Quarter net income forecast represents a 830.30% 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 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 | $97.67M | $95.23M | $92.73M | $89.33M | $86.45M | $84.27M | $81.59M | $78.30M | $75.62M | $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 | $98.27M | $95.82M | $93.30M | $89.88M | $86.98M | $84.79M | $82.09M | $78.80M | $75.81M | $74.18M | $71.14M | $104.54M | $67.55M | $65.98M | $64.49M | $95.04M | $57.69M | $55.90M | $50.74M | $86.40M | $44.90M | $128.52M | $37.07M | $34.08M |
| Low Forecast | $97.18M | $94.76M | $92.27M | $88.89M | $86.02M | $83.85M | $81.18M | $77.55M | $75.52M | $74.15M | $71.14M | $69.69M | $66.96M | $65.17M | $63.78M | $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'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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 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 | $0.54 | $0.56 | $0.54 | $0.50 | $0.48 | $0.49 | $0.46 | $0.42 | $0.34 | $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 | $0.55 | $0.57 | $0.55 | $0.51 | $0.48 | $0.49 | $0.46 | $0.46 | $0.42 | $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 | $0.54 | $0.56 | $0.54 | $0.50 | $0.48 | $0.49 | $0.46 | $0.36 | $0.29 | $0.40 | $0.39 | $0.38 | $0.36 | $0.33 | $0.40 | $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% |
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 | $12.87 | $25.43 | 97.59% | Hold |
| OKTA | Okta | $73.69 | $116.97 | 58.73% | Hold |
| MDB | MongoDB | $281.76 | $373.27 | 32.48% | Buy |
| DOCN | DigitalOcean | $37.53 | $45.50 | 21.24% | Buy |
| ZS | Zscaler | $200.94 | $233.41 | 16.16% | Buy |
| NET | Cloudflare | $96.47 | $95.45 | -1.06% | Hold |
| CRWD | CrowdStrike | $350.15 | $321.14 | -8.29% | Buy |
| PANW | Palo Alto Networks | $392.89 | $323.26 | -17.72% | Buy |