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DigitalOcean - DOCN Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $40.38
  • Forecasted Upside: 13.79%
  • Number of Analysts: 12
  • Breakdown:
  • 2 Sell Ratings
  • 4 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$35.49 As of 03/23/2023 01:00 AM ET
▲ +1.01 (2.93%)

This chart shows the closing price for DOCN by one month, three months, or twelve months.

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Analyst Price Target for DOCN

Analyst Price Target is $40.38
▲ +13.79% Upside Potential
This price target is based on 12 analysts offering 12 month price targets for DigitalOcean in the last 3 months. The average price target is $40.38, with a high forecast of $63.00 and a low forecast of $27.00. The average price target represents a 13.79% upside from the last price of $35.49.

This chart shows the closing price for DOCN for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 12 polled investment analysts is to hold stock in DigitalOcean. This rating has held steady since April 2022, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 2 sell ratings
Ratings as of
9/29/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 2 sell ratings
Ratings as of
12/28/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 2 sell ratings
Ratings as of
3/28/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 2 sell ratings
Ratings as of
6/26/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 2 sell ratings
Ratings as of
9/24/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
12/23/2022
  • 0 strong buy ratings
  • 6 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
2/21/2023
  • 0 strong buy ratings
  • 6 buy ratings
  • 4 hold ratings
  • 2 sell ratings
Ratings as of
3/23/2023

Latest Recommendations

  • 0 strong buy ratings
  • 6 buy ratings
  • 4 hold ratings
  • 2 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/22/2023Needham & Company LLCLower TargetBuy$45.00 ➝ $43.00Low
3/17/2023OppenheimerDowngradeOutperform ➝ Market Perform$40.00Low
2/21/2023Canaccord Genuity GroupBoost TargetBuy$40.00 ➝ $46.00Low
2/17/2023Needham & Company LLCBoost TargetBuy$36.00 ➝ $45.00Low
2/17/2023Credit Suisse GroupBoost TargetNeutral$31.00 ➝ $34.00N/A
2/17/2023The Goldman Sachs GroupBoost TargetSell$29.00 ➝ $33.00Low
2/17/2023Morgan StanleyBoost TargetUnderweight$28.00 ➝ $30.00Low
2/17/2023BarclaysBoost Target$32.00 ➝ $42.00Low
1/17/2023Piper SandlerDowngradeOverweight ➝ Neutral$30.00Low
1/10/2023BarclaysLower TargetOverweight$37.00 ➝ $32.00Low
12/19/2022William BlairReiterated RatingOutperformLow
12/8/2022Needham & Company LLCInitiated CoverageBuy$36.00Low
11/21/2022Credit Suisse GroupInitiated CoverageNeutral$31.00Low
11/9/2022Canaccord Genuity GroupLower Target$49.00 ➝ $40.00Low
11/8/2022Morgan StanleyLower TargetUnderweight$41.00 ➝ $28.00Low
11/8/2022The Goldman Sachs GroupLower TargetSell$34.00 ➝ $29.00Low
11/8/2022Bank of AmericaLower TargetBuy$60.00 ➝ $50.00Low
11/8/2022JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$50.00 ➝ $27.00Low
11/8/2022BarclaysLower Target$45.00 ➝ $37.00Low
11/8/2022OppenheimerLower TargetOutperform$65.00 ➝ $40.00Low
11/2/2022Bank of AmericaLower Target$67.00 ➝ $60.00Low
10/25/2022The Goldman Sachs GroupLower TargetSell$42.00 ➝ $34.00Low
10/24/2022KeyCorpLower TargetOverweight$57.00 ➝ $47.00Low
10/20/2022Morgan StanleyLower TargetUnderweight$45.00 ➝ $41.00Low
10/18/2022BarclaysLower TargetOverweight$55.00 ➝ $45.00Low
8/9/2022KeyCorpBoost Target$48.00 ➝ $57.00Low
8/9/2022OppenheimerLower Target$80.00 ➝ $65.00Low
8/9/2022Piper SandlerBoost TargetOverweight$56.00 ➝ $57.00Low
7/13/2022Piper SandlerLower TargetOverweight$59.00 ➝ $56.00N/A
7/13/2022The Goldman Sachs GroupDowngradeBuy ➝ Sell$54.00 ➝ $40.00N/A
7/11/2022Morgan StanleyDowngradeEqual Weight ➝ Underweight$45.00N/A
5/12/2022The Goldman Sachs GroupInitiated CoverageBuy$49.00High
5/5/2022JMP SecuritiesLower Target$94.00 ➝ $63.00High
5/5/2022OppenheimerLower Target$96.00 ➝ $80.00Low
5/5/2022BarclaysLower Target$70.00 ➝ $55.00High
4/25/2022KeyCorpLower TargetOverweight$69.00 ➝ $54.00High
4/4/2022Piper SandlerInitiated CoverageOverweight$72.00Low
2/25/2022Canaccord Genuity GroupLower Target$115.00 ➝ $70.00High
2/25/2022Morgan StanleyLower TargetEqual Weight$72.00 ➝ $67.00High
2/25/2022KeyCorpLower TargetOverweight$80.00 ➝ $69.00High
2/24/2022Stifel NicolausLower Target$85.00 ➝ $60.00High
1/12/2022BarclaysLower Target$120.00 ➝ $85.00High
11/12/2021William BlairInitiated CoverageOutperformHigh
11/8/2021OppenheimerBoost TargetOutperform$100.00 ➝ $130.00High
11/5/2021KeyCorpBoost TargetOverweight$106.00 ➝ $120.00Medium
11/5/2021BarclaysBoost TargetOverweight$95.00 ➝ $120.00Medium
10/22/2021Morgan StanleyBoost TargetEqual Weight$60.00 ➝ $92.00Low
9/24/2021OppenheimerBoost TargetOutperform$70.00 ➝ $100.00High
9/17/2021BarclaysBoost TargetOverweight$66.00 ➝ $95.00High
8/6/2021KeyCorpBoost TargetOverweight$57.00 ➝ $67.00High
8/6/2021Bank of AmericaBoost TargetBuy$50.00 ➝ $65.00High
8/6/2021BarclaysBoost TargetOverweight$64.00 ➝ $66.00High
8/6/2021Morgan StanleyBoost TargetEqual Weight$50.00 ➝ $60.00High
8/6/2021JMP SecuritiesBoost TargetOutperform$58.00 ➝ $68.00High
7/23/2021BarclaysBoost TargetPositive ➝ Overweight$58.00 ➝ $64.00High
5/7/2021KeyCorpBoost TargetOverweight$56.00 ➝ $57.00Low
5/6/2021OppenheimerInitiated CoverageBuy$55.00Medium
4/19/2021JMP SecuritiesInitiated CoverageOutperform$58.00High
4/19/2021Morgan StanleyInitiated CoverageEqual Weight$50.00High
4/19/2021KeyCorpInitiated CoverageOverweight$56.00High
4/19/2021Stifel NicolausInitiated CoverageHold$50.00High
4/19/2021JPMorgan Chase & Co.Initiated CoverageOverweight$50.00High
4/19/2021The Goldman Sachs GroupInitiated CoverageBuy$101.00High
4/19/2021BarclaysInitiated CoverageOverweight$57.00High
4/19/2021Bank of AmericaInitiated CoverageBuy$50.00High
4/14/2021OppenheimerInitiated CoverageOutperform$55.00High
(Data available from 3/23/2018 forward)

News Sentiment Rating

0.66 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 10 very positive mentions
  • 22 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/25/2022
  • 5 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/24/2022
  • 0 very positive mentions
  • 17 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/24/2022
  • 12 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
11/23/2022
  • 3 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
12/23/2022
  • 1 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/22/2023
  • 8 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 2 very negative mentions
Mentions as of
2/21/2023
  • 4 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/23/2023

Current Sentiment

  • 4 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

DigitalOcean logo
DigitalOcean Holdings, Inc., through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. Its platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and medium size businesses. The company offers infrastructure solutions across compute, storage, and networking, as well as enables developers to extend the native capabilities of its cloud with fully managed application, container, and database offerings. Its users include software engineers, researchers, data scientists, system administrators, students, and hobbyists. The company's customers use its platform in various industry verticals and for a range of use cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, managed services, and others. DigitalOcean Holdings, Inc. was incorporated in 2012 and is headquartered in New York, New York.
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Today's Range

Now: $35.49
Low: $34.82
High: $36.04

50 Day Range

MA: $31.84
Low: $26.45
High: $36.80

52 Week Range

Now: $35.49
Low: $23.38
High: $63.17

Volume

1,713,987 shs

Average Volume

1,560,313 shs

Market Capitalization

$3.44 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.16

Frequently Asked Questions

What sell-side analysts currently cover shares of DigitalOcean?

The following equities research analysts have issued stock ratings on DigitalOcean in the last year: Bank of America Co., Barclays PLC, Canaccord Genuity Group Inc., Credit Suisse Group AG, JMP Securities, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Needham & Company LLC, Oppenheimer Holdings Inc., Piper Sandler, The Goldman Sachs Group, Inc., and William Blair.
View the latest analyst ratings for DOCN.

What is the current price target for DigitalOcean?

13 Wall Street analysts have set twelve-month price targets for DigitalOcean in the last year. Their average twelve-month price target is $40.38, suggesting a possible upside of 13.8%. JMP Securities has the highest price target set, predicting DOCN will reach $63.00 in the next twelve months. JPMorgan Chase & Co. has the lowest price target set, forecasting a price of $27.00 for DigitalOcean in the next year.
View the latest price targets for DOCN.

What is the current consensus analyst rating for DigitalOcean?

DigitalOcean currently has 2 sell ratings, 4 hold ratings and 6 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in DOCN, but not buy more shares or sell existing shares.
View the latest ratings for DOCN.

What other companies compete with DigitalOcean?

Other companies that are similar to DigitalOcean include Bumble, Weibo, DoubleVerify, Wix.com and Momentive Global. Learn More about companies similar to DigitalOcean.

How do I contact DigitalOcean's investor relations team?

DigitalOcean's physical mailing address is 101 AVENUE OF THE AMERICAS 10TH FLOOR, NEW YORK NY, 10013. The company's listed phone number is 646-827-4366 and its investor relations email address is [email protected] The official website for DigitalOcean is www.digitalocean.com. Learn More about contacing DigitalOcean investor relations.