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A Quick Look at Today's Ratings for DigitalOcean(DOCN.US), With a Forecast Between $28 to $48

Moomoo News ·  Nov 5 08:00  · Ratings

On Nov 05, major Wall Street analysts update their ratings for $DigitalOcean (DOCN.US)$, with price targets ranging from $28 to $48.

BofA Securities analyst Wamsi Mohan maintains with a sell rating, and adjusts the target price from $25 to $28.

Barclays analyst Raimo Lenschow maintains with a buy rating, and maintains the target price at $48.

Needham analyst Mike Cikos maintains with a hold rating.

CCORF analyst Kingsley Crane maintains with a buy rating, and maintains the target price at $48.

JMP Securities analyst Patrick Walravens maintains with a buy rating, and maintains the target price at $47.

Furthermore, according to the comprehensive report, the opinions of $DigitalOcean (DOCN.US)$'s main analysts recently are as follows:

  • DigitalOcean's Q3 performance showcased revenue, EBITDA, margins, and EPS that exceeded both guidance and consensus expectations. However, further indications of accelerated growth would be required to adopt a more positive stance on the stock.

  • Acknowledgment has been given to some positive developments for DigitalOcean, such as successes against cloud rivals and securing multi-year contracts. However, there remains a cautious stance due to the absence of a distinct trajectory for renewed revenue growth. Current projections for early 2025 suggest a potential uptick, yet there's no anticipation for a significant inflection in net dollar retention at that time.

Here are the latest investment ratings and price targets for $DigitalOcean (DOCN.US)$ from 5 analysts:

StockTodayLatestRating_mm_80315888655477_20241105_en

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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