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.
Current Consensus is
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.
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.