Key Takeaways:
- DigitalOcean (DOCN, Financial) has experienced a significant downturn but possesses promising prospects in AI services.
- Analysts project a notable upside for the stock with a consensus "Outperform" recommendation.
- GuruFocus estimates a considerable increase in GF Value, highlighting potential investment value.
DigitalOcean Holdings Inc. (DOCN), a provider of cloud and AI services predominantly for small and mid-sized enterprises, has seen its stock plummet by 73% from its highest point. Despite this decline, the company appears poised for a rebound as demand for AI infrastructure grows. In 2024, DigitalOcean's AI services revenue swelled by an impressive 160%, culminating in a record net income of $84.5 million.
Wall Street Analysts Forecast
Eleven analysts have provided one-year price targets for DigitalOcean Holdings Inc. (DOCN, Financial), with an average target of $45.00, ranging from a high of $55.00 to a low of $31.00. This implies a potential upside of 27.88% from the current trading price of $35.19. For more comprehensive estimate data, visit the DigitalOcean Holdings Inc. (DOCN) Forecast page.
From 15 brokerage firms, DigitalOcean currently holds an average recommendation of 2.3, categorizing it as "Outperform." The recommendation scale extends from 1 (Strong Buy) to 5 (Sell).
GuruFocus estimates present the GF Value for DigitalOcean Holdings Inc. (DOCN, Financial) at $54.84 in one year, suggesting a promising upside of 55.84% from its current stock price of $35.19. The GF Value reflects GuruFocus' fair market value assessment, calculated based on historical trading multiples, past growth trajectories, and future performance projections. For further detailed insights, explore the DigitalOcean Holdings Inc. (DOCN) Summary page.
