Analysts Set DigitalOcean Holdings, Inc. (NYSE:DOCN) PT at $145.36

Shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) have earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $145.3571.

DOCN has been the subject of a number of research reports. Citigroup upped their price objective on shares of DigitalOcean from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Piper Sandler raised their target price on shares of DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Barclays upped their price target on shares of DigitalOcean from $183.00 to $184.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Oppenheimer set a $190.00 price objective on shares of DigitalOcean in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th.

Insiders Place Their Bets

In other DigitalOcean news, CFO Matt Steinfort sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total value of $1,700,700.00. Following the completion of the transaction, the chief financial officer directly owned 538,414 shares in the company, valued at approximately $91,568,068.98. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Hilary Schneider sold 4,338 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $156.38, for a total transaction of $678,376.44. Following the completion of the transaction, the director owned 24,323 shares of the company’s stock, valued at $3,803,630.74. This represents a 15.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,338 shares of company stock valued at $6,191,576 over the last 90 days. 0.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DOCN. Park National Corp OH bought a new position in shares of DigitalOcean during the 2nd quarter worth approximately $237,000. Spire Wealth Management acquired a new stake in DigitalOcean in the second quarter valued at approximately $3,513,000. Portside Wealth Group LLC acquired a new stake in DigitalOcean in the second quarter valued at approximately $363,000. LRI Investments LLC purchased a new position in DigitalOcean in the second quarter worth $64,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in DigitalOcean in the second quarter worth $8,714,000. Hedge funds and other institutional investors own 49.77% of the company’s stock.

Key DigitalOcean News

Here are the key news stories impacting DigitalOcean this week:

• Positive Sentiment: KeyCorp raised its earnings estimates for DigitalOcean across multiple periods, including Q2, Q3, Q4, FY2026 and out years through FY2029, while keeping a Strong-Buy rating. Higher EPS forecasts suggest improving profitability expectations, which can support the stock.
• Positive Sentiment: DigitalOcean announced a plan to repurchase up to $500 million of its 2030 convertible senior notes, funded by a concurrent registered offering. Investors may view this as a balance-sheet optimization move that could reduce future dilution and improve capital structure flexibility. Article Title
• Neutral Sentiment: A Yahoo Finance piece argued that DOCN could be 29% undervalued based on 2026 revenue growth guidance. That supports the bull case, but it is an opinion-based valuation view rather than a company announcement. Article Title
• Neutral Sentiment: KeyCorp’s repeated estimate increases also reinforce the view that DigitalOcean’s earnings trajectory may be improving over the next several years, but these are still analyst projections, not actual results.

DigitalOcean Trading Down 5.3%

DOCN opened at $119.55 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.92. The stock’s fifty day moving average is $155.54 and its two-hundred day moving average is $100.40. The company has a market capitalization of $12.48 billion, a P/E ratio of 52.20 and a beta of 1.57. DigitalOcean has a 52 week low of $25.56 and a 52 week high of $187.50.

DigitalOcean (NYSE:DOCN) last issued its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.17. The business had revenue of $257.90 million during the quarter, compared to analysts’ expectations of $249.76 million. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. Analysts forecast that DigitalOcean will post 0.56 earnings per share for the current year.

About DigitalOcean

DigitalOcean Holdings, Inc is a cloud infrastructure provider that focuses on simplicity, performance and developer experience. The company offers a range of cloud services designed to help software developers, startups and small- to medium-sized businesses deploy, manage and scale applications. Its flagship offering, Droplets, provides virtual private servers that can be configured with various CPU, memory and storage options. In addition to compute instances, DigitalOcean’s platform includes managed Kubernetes, scalable object and block storage, managed databases, load balancers and networking capabilities such as Virtual Private Cloud (VPC) and Floating IPs.

Founded in 2011 and headquartered in New York City, DigitalOcean was created with the goal of making cloud computing more accessible to individual developers and smaller teams.