DigitalOcean Holdings, Inc. (DOCN)
NYSE: DOCN · Real-Time Price · USD
35.70
+0.25 (0.71%)
Dec 20, 2024, 4:00 PM EST - Market closed
DigitalOcean Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for DigitalOcean stock have an average target of 42.11, with a low estimate of 34 and a high estimate of 48. The average target predicts an increase of 17.96% from the current stock price of 35.70.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for DigitalOcean stock from 10 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 2 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 5 | 5 | 5 | 5 | 5 | 5 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 12 | 11 | 11 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Hold Maintains $35 → $40 | Hold | Maintains | $35 → $40 | +12.04% | Dec 18, 2024 |
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Nov 5, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $32 → $40 | Hold | Maintains | $32 → $40 | +12.04% | Oct 25, 2024 |
| Barclays | Barclays | Buy Maintains $38 → $48 | Buy | Maintains | $38 → $48 | +34.45% | Oct 11, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $42 → $48 | Strong Buy | Maintains | $42 → $48 | +34.45% | Oct 4, 2024 |
Financial Forecast
Revenue This Year
791.65M
from 692.88M
Increased by 14.25%
Revenue Next Year
894.82M
from 791.65M
Increased by 13.03%
EPS This Year
1.79
from 0.20
Increased by 793.86%
EPS Next Year
1.88
from 1.79
Increased by 5.35%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 816.1M | 928.7M | 1.1B | |||
| Avg | 791.7M | 894.8M | 1.0B | |||
| Low | 759.9M | 845.7M | 947.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 17.8% | 17.3% | 21.8% | |||
| Avg | 14.3% | 13.0% | 13.5% | |||
| Low | 9.7% | 6.8% | 5.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.96 | 2.08 | 2.52 | |
| Avg | 1.79 | 1.88 | 2.20 | |
| Low | 1.65 | 1.43 | 1.69 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 881.8% | 16.3% | 33.8% | |
| Avg | 793.9% | 5.3% | 16.6% | |
| Low | 723.2% | -20.0% | -10.5% |
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.