DigitalOcean Holdings, Inc. (DOCN)
NYSE: DOCN · IEX Real-Time Price · USD
37.00
-0.32 (-0.86%)
May 17, 2024, 4:00 PM EDT - Market closed
DigitalOcean Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for DigitalOcean stock have an average target of 37.3, with a low estimate of 25 and a high estimate of 47. The average target predicts an increase of 0.81% from the current stock price of 37.00.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for DigitalOcean stock from 11 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 4 | 4 | 4 | 4 | 4 | 4 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 11 | 11 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $41 → $42 | Strong Buy | Maintains | $41 → $42 | +13.51% | May 13, 2024 |
| JMP Securities | JMP Securities | Buy Reiterates $47 | Buy | Reiterates | $47 | +27.03% | May 13, 2024 |
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | May 13, 2024 |
| JMP Securities | JMP Securities | Buy Reiterates $47 | Buy | Reiterates | $47 | +27.03% | Mar 21, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $35 → $38 | Hold | Maintains | $35 → $38 | +2.70% | Feb 22, 2024 |
Financial Forecast
Revenue This Year
782.08M
from 692.88M
Increased by 12.87%
Revenue Next Year
884.78M
from 782.08M
Increased by 13.13%
EPS This Year
1.66
from 0.20
Increased by 727.94%
EPS Next Year
1.89
from 1.66
Increased by 14.32%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 814.5M | 942.8M | 1.1B | 1.2B | 1.4B |
| Avg | 782.1M | 884.8M | 1.0B | 1.2B | 1.3B |
| Low | 746.5M | 822.2M | 903.1M | 1.1B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.6% | 20.5% | 22.9% | 22.5% | 15.5% |
| Avg | 12.9% | 13.1% | 13.2% | 19.0% | 12.2% |
| Low | 7.7% | 5.1% | 2.1% | 14.3% | 7.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.76 | 2.14 | 2.54 | 2.53 |
| Avg | 1.66 | 1.89 | 2.25 | 2.46 |
| Low | 1.46 | 1.70 | 2.03 | 2.36 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 782.0% | 29.4% | 34.2% | 12.7% |
| Avg | 727.9% | 14.3% | 18.6% | 9.5% |
| Low | 631.1% | 2.4% | 7.2% | 5.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.