DigitalOcean Holdings Inc [DOCN] stock prices are up 3.74% to $40.18 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 13.92% over the last week, with a monthly amount glided 12.55%, and 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 24, 2025, when Citigroup initiated its Buy rating and assigned the stock a price target of $45. Previously, Cantor Fitzgerald started tracking the stock with Neutral rating on January 17, 2025, and set its price target to $39. On January 16, 2025, upgrade upgraded it’s rating to Overweight and revised its price target to $41 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $40 on May 22, 2024. Oppenheimer upgraded its rating to a Outperform but $37 remained the price target by the analyst firm on November 21, 2023. Goldman upgraded its rating to Buy for this stock on November 07, 2023, but kept the price target unchanged to $33. In a note dated October 23, 2023, Piper Sandler upgraded an Neutral rating on this stock and revised its target price from $30 to $22.
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 $40.18 at the most recent close of the market. An investor can expect a potential return of 13.24% 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 38.92 points at the first support level, and at 37.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.65, and for the 2nd resistance point, it is at 43.11.
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 4.90 and price to earnings (TTM) ratio is 47.32.
Transactions by insiders
Recent insider trading involved Saha Bratin, Chief Product & Tech Officer, that happened on Jan 21 ’25 when 4289.0 shares were sold. Officer, Saha Bratin completed a deal on Jan 21 ’25 to buy 4289.0 shares. Meanwhile, Chief Product & Tech Officer Saha Bratin sold 3468.0 shares on Dec 18 ’24.
