DigitalOcean Holdings, Inc. (DOCN)
NYSE: DOCN · IEX Real-Time Price · USD
32.82
-0.56 (-1.68%)
At close: Jul 19, 2024, 4:00 PM
33.10
+0.28 (0.85%)
Pre-market: Jul 22, 2024, 7:00 AM EDT
DigitalOcean Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for DigitalOcean stock have an average target of 37.18, with a low estimate of 25 and a high estimate of 47. The average target predicts an increase of 13.28% from the current stock price of 32.82.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for DigitalOcean stock from 12 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 4 | 4 | 4 | 5 | 5 | 5 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 11 | 12 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold Maintains $38 → $34 | Hold | Maintains | $38 → $34 | +3.60% | Jul 15, 2024 |
| UBS | UBS | Hold Initiates $40 | Hold | Initiates | $40 | +21.88% | May 22, 2024 |
| JMP Securities | JMP Securities | Buy Reiterates $47 | Buy | Reiterates | $47 | +43.21% | May 13, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $41 → $42 | Strong Buy | Maintains | $41 → $42 | +27.97% | May 13, 2024 |
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | May 13, 2024 |
Financial Forecast
Revenue This Year
785.07M
from 692.88M
Increased by 13.30%
Revenue Next Year
887.58M
from 785.07M
Increased by 13.06%
EPS This Year
1.68
from 0.20
Increased by 737.85%
EPS Next Year
1.88
from 1.68
Increased by 12.42%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 813.9M | 947.0M | 1.1B | 1.3B | 1.4B |
| Avg | 785.1M | 887.6M | 1.0B | 1.2B | 1.3B |
| Low | 751.3M | 818.6M | 911.9M | 1.1B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.5% | 20.6% | 25.3% | 29.6% | 11.5% |
| Avg | 13.3% | 13.1% | 14.1% | 21.9% | 8.3% |
| Low | 8.4% | 4.3% | 2.7% | 13.4% | 4.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.76 | 2.13 | 2.52 | 2.58 |
| Avg | 1.68 | 1.88 | 2.24 | 2.51 |
| Low | 1.58 | 1.70 | 2.03 | 2.41 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 782.0% | 27.2% | 33.8% | 15.2% |
| Avg | 737.9% | 12.4% | 19.0% | 11.9% |
| Low | 688.9% | 1.2% | 7.7% | 7.6% |
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.