DigitalOcean Holdings Inc [DOCN] stock is trading at $35.27, up 3.01%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DOCN shares have gain 2.29% over the last week, with a monthly amount drifted -7.50%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
DigitalOcean Holdings Inc [NYSE: DOCN] stock has seen the most recent analyst activity on January 16, 2025, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $41 from $40. Previously, UBS started tracking the stock with Neutral rating on May 22, 2024, and set its price target to $40. On November 21, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $37 on the stock. Goldman upgraded its rating to a Buy but stick to its price target of $33 on November 07, 2023. Piper Sandler upgraded its rating to a Neutral and reduced its price target to $22 on October 23, 2023. BofA Securities downgraded its rating to Underperform for this stock on September 08, 2023, and downed its price target to $25. In a note dated August 11, 2023, Morgan Stanley upgraded an Equal-Weight rating on this stock and revised its target price from $127 to $103.
DigitalOcean Holdings Inc [DOCN] stock has fluctuated between $26.63 and $44.80 over the past year. Currently, Wall Street analysts expect the stock to reach $45.5 within the next 12 months. DigitalOcean Holdings Inc [NYSE: DOCN] shares were valued at $35.27 at the most recent close of the market. An investor can expect a potential return of 29.0% based on the average DOCN price forecast.
Analyzing the DOCN fundamentals
DigitalOcean Holdings Inc [NYSE:DOCN] reported sales of 756.56M for the trailing twelve months, which represents a growth of 12.10%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -0.31 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -7.68.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.59 points at the first support level, and at 33.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.48, and for the 2nd resistance point, it is at 37.68.
Ratios To Look Out For
For context, DigitalOcean Holdings Inc’s Current Ratio is 3.14. Further, the Quick Ratio stands at 3.14, while the Cash Ratio is 2.5. Considering the valuation of this stock, the price to sales ratio is 4.30 and price to earnings (TTM) ratio is 41.54.
Transactions by insiders
Recent insider trading involved Saha Bratin, Chief Product & Tech Officer, that happened on Dec 18 ’24 when 3468.0 shares were sold. Officer, Saha Bratin completed a deal on Dec 18 ’24 to buy 3468.0 shares. Meanwhile, Chief Financial Officer Steinfort Matt sold 12498.0 shares on Dec 04 ’24.
