S&P 500   4,701.21
DOW   35,754.75
QQQ   399.61
S&P 500   4,701.21
DOW   35,754.75
QQQ   399.61
S&P 500   4,701.21
DOW   35,754.75
QQQ   399.61
S&P 500   4,701.21
DOW   35,754.75
QQQ   399.61

DigitalOcean Price Target, Predictions & Analyst Ratings

+1.23 (+1.31%)
(As of 12/8/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
1.74 million shs
Average Volume
1.53 million shs
Market Capitalization
$10.39 billion
P/E Ratio
Dividend Yield

DigitalOcean (NASDAQ:DOCN) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analyst Rating Consensus

Based on 11 Analyst Ratings

Analyst Price Target Consensus

-4.25% Downside

High PT$130.00
Average PT$91.10
Low PT$50.00
12/9/20 to 12/9/21
1 Month Ago
11/9/20 to 11/9/21
3 Months Ago
9/10/20 to 9/10/21
1 Year Ago
12/10/19 to 12/9/20
Consensus Rating
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
9 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$91.10$91.10$64.70N/A
Price Target Upside-4.25% Downside19.96% Upside25.37% UpsideN/A
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Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

Average Share Price and Price Target by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

DigitalOcean (NASDAQ:DOCN) vs. Its Competitors

TypeDigitalOceanComputer and Technology CompaniesS&P 500
Consensus Rating Score
Consensus RatingBuyBuyBuy
Price Target Upside-4.25% Downside51.20% Upside10.06% Upside
News Sentiment RatingNeutral News
Neutral News
Neutral News
Community Rating
Outperform Votes
Underperform Votes
Avg. Outperform Votes
Avg. Underperform Votes
Avg. Outperform Votes
Avg. Underperform Votes

DigitalOcean (NASDAQ:DOCN) Analyst Ratings History

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/12/2021William Blair
J. Breen
Initiated CoverageOutperform
Boost Price TargetOutperform$100.00 ➝ $130.00+26.69%
Boost Price TargetOverweight$106.00 ➝ $120.00+13.94%
11/5/2021Canaccord Genuity
Boost Price TargetBuy$65.00 ➝ $115.00+9.19%
Boost Price TargetOverweight$95.00 ➝ $120.00+13.94%
10/22/2021Morgan Stanley
Boost Price TargetEqual Weight$60.00 ➝ $92.00-2.52%
8/6/2021Bank of America
Boost Price TargetBuy$50.00 ➝ $65.00+19.38%
8/6/2021JMP Securities
Boost Price TargetOutperform$58.00 ➝ $68.00+18.38%
4/19/2021Stifel Nicolaus
Initiated CoverageHold$50.00+11.43%
4/19/2021JPMorgan Chase & Co.
Initiated CoverageOverweight$50.00+11.43%
4/19/2021The Goldman Sachs Group
Initiated CoverageBuy$101.00+125.09%
(Data available from 12/9/2016 forward. View 10+ years of historical ratings with our analyst ratings screener.)

DigitalOcean (NASDAQ:DOCN) Analyst Ratings Frequently Asked Questions

What is DigitalOcean's consensus rating and price target?

According to the issued ratings of 11 analysts in the last year, the consensus rating for DigitalOcean stock is Buy based on the current 2 hold ratings and 9 buy ratings for DOCN. The average twelve-month price target for DigitalOcean is $91.10 with a high price target of $130.00 and a low price target of $50.00. Learn more on DOCN's analyst rating history

Do Wall Street analysts like DigitalOcean more than its competitors?

Analysts like DigitalOcean stock more than the stock of other Computer and Technology companies. The consensus rating score for DigitalOcean is 2.82 while the average consensus rating score for computer and technology companies is 2.62. Learn more on how DOCN compares to other companies

Do MarketBeat users like DigitalOcean more than its competitors?

MarketBeat users like DigitalOcean stock more than the stock of other Computer and Technology companies. 84.62% of MarketBeat users gave DigitalOcean an outperform vote while computer and technology companies recieve an average of 67.91% outperform votes by MarketBeat users.

Does DigitalOcean's stock price have much upside?

According to analysts, DigitalOcean's stock has a predicted upside of 19.96% based on their 12-month price targets.

What analysts cover DigitalOcean?

DigitalOcean has been rated by Barclays, Canaccord Genuity, KeyCorp, Morgan Stanley, Oppenheimer, and William Blair in the past 90 days.

This page was last updated on 12/9/2021 by MarketBeat.com Staff


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