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DigitalOcean (DOCN) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

DOCN Stock Forecast

DigitalOcean stock forecast is as follows: an average price target of $34.00 (represents a -4.76% downside from DOCN’s last price of $35.70) 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 $34.00 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $34.00 to $34.00. This represents a potential -4.76% downside from DOCN's last price of $35.70.

DOCN Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 15, 2024James FishPiper Sandler$34.00$33.202.41%-4.76%
May 22, 2024Jeff HickeyUBS$40.00$38.763.20%12.04%
May 13, 2024David HynesCanaccord Genuity$42.00$35.9116.96%17.65%
Nov 07, 2023Gabriela BorgesGoldman Sachs$33.00$23.8538.36%-7.56%
Dec 08, 2022Mike CikosNeedham$36.00$29.7521.03%0.84%
Jul 11, 2022Josh BaerMorgan Stanley$45.00$40.3911.41%26.05%
May 19, 2022Timothy HoranOppenheimer$80.00$41.4892.86%124.09%
May 15, 2022Gabriela BorgesGoldman Sachs$49.00$37.8029.63%37.25%
Apr 28, 2022Michael TuritsKeyBanc$54.00$44.0522.59%51.26%
Apr 05, 2022James FishPiper Sandler$72.00$56.8526.65%101.68%

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 -4.76% decrease from DOCN last price ($35.70).

DigitalOcean Price Target by Period

1M3M12M
# Anlaysts--3
Avg Price Target--$38.67
Last Closing Price$35.70$35.70$35.70
Upside/Downside-100.00%-100.00%8.32%

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 $35.70. 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

DateCompanyPrevious RatingNew RatingRating Change
Nov 04, 2024Bank of America SecuritiesUnderperformUnderperformHold
Oct 11, 2024BarclaysOverweightOverweightHold
Oct 04, 2024Canaccord GenuityBuyBuyHold
Jul 15, 2024Piper SandlerNeutralNeutralHold
May 22, 2024UBSNeutralInitialise
Oct 23, 2023Piper SandlerOverweightNeutralUpgrade
Sep 08, 2023RBC CapitalOutperformInitialise
Sep 08, 2023Goldman SachsSellBuyInitialise
Jan 10, 2023BarclaysOverweightOverweightHold
Dec 15, 2022NeedhamBuyBuyHold
Dec 08, 2022NeedhamBuyInitialise
Oct 25, 2022Goldman SachsSellSellHold
Jul 13, 2022Goldman SachsNeutralSellDowngrade
Jul 11, 2022Morgan StanleyUnderweightEqual-WeightDowngrade
Jul 11, 2022Morgan StanleyEqual-WeightUnderweightDowngrade
May 19, 2022OppenheimerOutperformOutperformHold
May 15, 2022Goldman SachsBuyInitialise
Apr 28, 2022KeyBancOverweightOverweightHold
Apr 05, 2022Piper SandlerOverweightInitialise
Feb 25, 2022Morgan StanleyEqual-WeightEqual-WeightHold

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 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$260.89M$254.37M$247.69M$238.62M$230.91M$225.09M$217.93M$208.93M$201.00M$196.68M$188.63M$182.62M$179.10M$174.94M$171.22M$165.32M$162.29M$148.21M$134.53M$126.27M$119.05M$108.66M$98.29M$90.36M
Low Forecast$257.38M$250.95M$244.35M$235.40M$227.81M$222.06M$215.00M$205.63M$200.25M$196.60M$188.63M$182.62M$177.53M$172.79M$168.91M$163.09M$160.11M$148.21M$134.53M$126.27M$119.05M$108.66M$98.29M$90.36M
# Analysts33454527843361159544755107
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts33454527843361159544755107
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$42.67M$41.61M$40.51M$39.03M$37.77M$36.82M$35.65M$34.17M$32.88M$32.17M$30.85M$20.75M$29.29M$28.61M$28.00M$18.86M$15.63M$25.45M$23.10M$17.15M$20.44M$66.65M$16.87M$15.51M
Low Forecast$42.10M$41.05M$39.97M$38.50M$37.26M$36.32M$35.17M$33.63M$32.75M$32.16M$30.85M$13.83M$29.04M$28.26M$27.63M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts33454527843361159544755107
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$56.15M$58.49M$56.31M$51.93M$49.64M$50.82M$47.61M$47.30M$43.02M$41.63M$40.36M$-22.37M$38.50M$47.05M$42.14M$-20.33M$-9.48M$21.51M$9.66M$-18.49M$8.54M$-4.00M$4.93M$869.16K
Low Forecast$55.17M$57.47M$55.32M$51.02M$48.77M$49.93M$46.78M$36.79M$30.01M$41.30M$40.33M$-33.55M$36.47M$34.03M$41.40M$-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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts33454527843361159544755107
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$98.39M$95.94M$93.41M$89.99M$87.09M$84.89M$82.19M$78.80M$75.81M$74.18M$71.14M$104.54M$67.55M$65.98M$64.57M$95.04M$57.69M$55.90M$50.74M$86.40M$44.90M$128.52M$37.07M$34.08M
Low Forecast$97.07M$94.64M$92.16M$88.78M$85.92M$83.75M$81.09M$77.55M$75.52M$74.15M$71.14M$69.69M$66.96M$65.17M$63.70M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
# Analysts33454527843361159544755107
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$0.50$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PANWPalo Alto Networks$201.24$400.2998.91%Buy
MDBMongoDB$265.10$350.0032.03%Buy
OKTAOkta$85.42$93.389.32%Hold
ZSZscaler$200.45$209.914.72%Buy
PATHUiPath$13.91$14.504.24%Hold
CRWDCrowdStrike$376.42$349.42-7.17%Buy
DOCNDigitalOcean$37.76$34.00-9.96%Buy
NETCloudflare$117.56$89.75-23.66%Hold

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 $34 with a range of $34 to $34, implying a -4.76% from its last price of $35.7. 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 down by -4.76% (from the last price of $35.7 to the average price target of $34), down by -4.76% based on the highest stock price target, and down by -4.76% based on the lowest stock price target.

Can DigitalOcean stock reach $50?

DOCN's average twelve months analyst stock price target of $34 does not support 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 $876.59M (high $882.86M, low $870.49M), average EBITDA is $143.38M (high $144.4M, low $142.38M), average net income is $189.75M (high $195.37M, low $182.27M), average SG&A $330.6M (high $332.97M, low $328.3M), and average EPS is $1.85 (high $1.9, low $1.78). DOCN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $994.21M (high $1B, low $988.08M), average EBITDA is $162.62M (high $163.82M, low $161.61M), average net income is $220.75M (high $222.87M, low $218.98M), average SG&A $374.96M (high $377.73M, low $372.65M), and average EPS is $2.15 (high $2.17, low $2.13).

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 $27.8M by -76.52%. DigitalOcean's net income was $3.98M, missing the average estimation of $41.74M by -90.46%. 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%