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DigitalOcean Holdings Inc has a consensus price target of $38.69 based on the ratings of 15 analysts. The high is $48 issued by Barclays on October 11, 2024. The low is $25 issued by B of A Securities on September 8, 2023. The 3 most-recent analyst ratings were released by Stifel, JP Morgan, and Barclays on December 18, 2024, October 25, 2024, and October 11, 2024, respectively. With an average price target of $42.67 between Stifel, JP Morgan, and Barclays, there's an implied 17.83% upside 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 Stifel on December 18, 2024. The analyst firm set a price target for $40.00 expecting DOCN to rise to within 12 months (a possible 10.47% upside). 17 analyst firms have reported ratings in the last year.
The latest analyst rating for DigitalOcean Holdings (NYSE:DOCN) was provided by Stifel, and DigitalOcean Holdings maintained their hold 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 December 18, 2024 so you should expect the next rating to be made available sometime around December 18, 2025.
While ratings are subjective and will change, the latest DigitalOcean Holdings (DOCN) rating was a maintained with a price target of $35.00 to $40.00. The current price DigitalOcean Holdings (DOCN) is trading at is $36.21, which is within the analyst’s predicted range.
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