DigitalOcean Holdings Inc [DOCN] stock prices are up 3.13% to $37.26 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DOCN shares have gain 11.29% over the last week, with a monthly amount drifted -1.32%, 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 17, 2025, when Cantor Fitzgerald initiated its Neutral rating and assigned the stock a price target of $39. Previously, Morgan Stanley upgraded its rating to Overweight on January 16, 2025, and elevated its price target to $41. On May 22, 2024, UBS initiated with a Neutral rating and assigned a price target of $40 on the stock. Oppenheimer upgraded its rating to a Outperform but stick to its price target of $37 on November 21, 2023. Goldman upgraded its rating to a Buy but $33 remained the price target by the analyst firm on November 07, 2023. Piper Sandler upgraded its rating to Neutral for this stock on October 23, 2023, and downed its price target to $22. In a note dated September 08, 2023, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $47 to $25.
The stock price of DigitalOcean Holdings Inc [DOCN] has been fluctuating 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 $37.26 at the most recent close of the market. An investor can expect a potential return of 22.11% based on the average DOCN price forecast.
Analyzing the DOCN fundamentals
The DigitalOcean Holdings Inc [NYSE:DOCN] reported sales of 756.56M for trailing twelve months, representing a surge 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 36.59 points at the first support level, and at 35.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.71, and for the 2nd resistance point, it is at 38.16.
Ratios To Look Out For
It’s worth pointing out that DigitalOcean Holdings Inc [NYSE:DOCN]’s Current Ratio is 3.14. In addition, the Quick Ratio stands at 3.14 and the Cash Ratio stands at 2.5. Considering the valuation of this stock, the price to sales ratio is 4.54 and price to earnings (TTM) ratio is 43.88.
Transactions by insiders
Recent insider trading involved Saha Bratin, Officer, that happened on Jan 21 ’25 when 4289.0 shares were purchased. Chief Product & Tech Officer, Saha Bratin completed a deal on Dec 18 ’24 to sell 3468.0 shares. Meanwhile, Officer Saha Bratin bought 3468.0 shares on Dec 18 ’24.
