DigitalOcean Holdings, Inc. (DOCN)
NYSE: DOCN · Real-Time Price · USD
42.90
+3.37 (8.53%)
At close: Oct 4, 2024, 4:00 PM
42.80
-0.10 (-0.23%)
After-hours: Oct 4, 2024, 6:56 PM EDT
DigitalOcean Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for DigitalOcean stock have an average target of 38.7, with a low estimate of 30 and a high estimate of 48. The average target predicts a decrease of -9.79% from the current stock price of 42.90.
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 5 | 5 | 5 | 5 | 5 | 5 |
| Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 12 | 12 | 12 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $42 → $48 | Strong Buy | Maintains | $42 → $48 | +11.89% | Oct 4, 2024 |
| UBS | UBS | Hold Maintains $40 → $34 | Hold | Maintains | $40 → $34 | -20.75% | Aug 9, 2024 |
| Barclays | Barclays | Buy Maintains $43 → $38 | Buy | Maintains | $43 → $38 | -11.42% | Aug 9, 2024 |
| Stifel | Stifel | Hold Maintains $32 → $35 | Hold | Maintains | $32 → $35 | -18.41% | Aug 9, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $38 → $34 | Hold | Maintains | $38 → $34 | -20.75% | Jul 15, 2024 |
Financial Forecast
Revenue This Year
789.38M
from 692.88M
Increased by 13.93%
Revenue Next Year
892.61M
from 789.38M
Increased by 13.08%
EPS This Year
1.70
from 0.20
Increased by 752.47%
EPS Next Year
1.87
from 1.70
Increased by 9.77%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 814.7M | 942.9M | 1.1B | ||
| Avg | 789.4M | 892.6M | 1.0B | ||
| Low | 757.1M | 837.8M | 924.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.6% | 19.4% | 20.1% | ||
| Avg | 13.9% | 13.1% | 12.6% | ||
| Low | 9.3% | 6.1% | 3.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.83 | 2.05 | 2.55 | |
| Avg | 1.70 | 1.87 | 2.18 | |
| Low | 1.60 | 1.62 | 1.62 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 813.5% | 20.5% | 36.1% | |
| Avg | 752.5% | 9.8% | 16.7% | |
| Low | 698.7% | -5.2% | -13.6% |
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.