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DigitalOcean Holdings Inc has a consensus price target of $47.07 based on the ratings of 17 analysts. The high is $120 issued by Barclays on November 5, 2021. The low is $25 issued by B of A Securities on September 8, 2023. The 3 most-recent analyst ratings were released by UBS, Barclays, and Stifel on August 9, 2024, respectively. With an average price target of $35.67 between UBS, Barclays, and Stifel, there's an implied -6.14% downside for DigitalOcean Holdings Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for DigitalOcean Holdings (NYSE:DOCN) was reported by UBS on August 9, 2024. The analyst firm set a price target for $34.00 expecting DOCN to fall to within 12 months (a possible -10.53% downside). 21 analyst firms have reported ratings in the last year.
The latest analyst rating for DigitalOcean Holdings (NYSE:DOCN) was provided by UBS, and DigitalOcean Holdings maintained their neutral rating.
The last upgrade for DigitalOcean Holdings Inc happened on November 21, 2023 when Oppenheimer raised their price target to $37. Oppenheimer previously had a perform for DigitalOcean Holdings Inc.
The last downgrade for DigitalOcean Holdings Inc happened on September 8, 2023 when B of A Securities changed their price target from $47 to $25 for DigitalOcean Holdings Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of DigitalOcean Holdings, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for DigitalOcean Holdings was filed on August 9, 2024 so you should expect the next rating to be made available sometime around August 9, 2025.
While ratings are subjective and will change, the latest DigitalOcean Holdings (DOCN) rating was a maintained with a price target of $40.00 to $34.00. The current price DigitalOcean Holdings (DOCN) is trading at is $38.00, which is out of the analyst’s predicted range.
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