DigitalOcean (NYSE:DOCN) Stock Gets Price Target Cut from Canaccord Genuity Group

Posted by George Bondi on Nov 7th, 2026

DigitalOcean (NYSE:DOCN – Free Report) had its target price trimmed by Canaccord Genuity Group from $200.00 to $180.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

DOCN has been the topic of several other research reports. KeyCorp reaffirmed an “overweight” rating on shares of DigitalOcean in a research note on Tuesday, October 13th. Piper Sandler raised shares of DigitalOcean from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $142.00 to $126.00 in a research report on Wednesday, October 21st. Citigroup lowered their target price on DigitalOcean from $190.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group lowered their target price on DigitalOcean from $105.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Robert W. Baird began coverage on DigitalOcean in a research report on Tuesday, July 21st. They set an “outperform” rating and a $165.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.06.

Check Out Our Latest Stock Report on DOCN

DigitalOcean Stock Up 2.2%

NYSE:DOCN traded up $1.53 during trading hours on Wednesday, hitting $72.23. The stock had a trading volume of 7,968,377 shares, compared to its average volume of 2,889,268. The company has a market cap of $7.54 billion, a PE ratio of 233.00, a price-to-earnings-growth ratio of 78.28 and a beta of 1.69. The business has a 50 day simple moving average of $116.36 and a two-hundred day simple moving average of $111.68. DigitalOcean has a 1-year low of $41.96 and a 1-year high of $187.50. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.14.

DigitalOcean (NYSE:DOCN – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.13. The business had revenue of $321.19 million for the quarter, compared to analysts’ expectations of $306.74 million. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The business’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. Analysts predict that DigitalOcean will post 0.62 EPS for the current year.

Insider Activity at DigitalOcean

In other news, CAO Cherie Barrett sold 4,456 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $132.37, for a total transaction of $589,840.72. Following the completion of the sale, the chief accounting officer owned 65,487 shares of the company’s stock, valued at approximately $8,668,514.19. This trade represents a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matt Steinfort sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $1,057,300.00. Following the sale, the chief financial officer directly owned 503,692 shares of the company’s stock, valued at $53,255,355.16. The trade was a 1.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 18,441 shares of company stock valued at $2,068,475. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On DigitalOcean

Large investors have recently modified their holdings of the stock. Aberdeen Group plc acquired a new position in DigitalOcean in the third quarter worth about $12,046,000. Allworth Financial LP raised its stake in DigitalOcean by 241.9% during the third quarter. Allworth Financial LP now owns 2,014 shares of the company’s stock valued at $269,000 after buying an additional 1,425 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in DigitalOcean during the third quarter valued at approximately $77,000. New Mexico Educational Retirement Board lifted its holdings in DigitalOcean by 20.6% during the 3rd quarter. New Mexico Educational Retirement Board now owns 20,500 shares of the company’s stock worth $2,734,000 after buying an additional 3,500 shares during the last quarter. Finally, Bingham Private Wealth LLC lifted its holdings in DigitalOcean by 48.5% during the 3rd quarter. Bingham Private Wealth LLC now owns 1,964 shares of the company’s stock worth $262,000 after buying an additional 641 shares during the last quarter. Institutional investors own 49.77% of the company’s stock.

More DigitalOcean News

Here are the key news stories impacting DigitalOcean this week:

Positive Sentiment: DigitalOcean announced a collaboration with Box, which could expand the reach of its cloud services. The announcement provides no further details in the supplied headline. DigitalOcean announces collaboration with Box
Positive Sentiment: Earlier coverage pointed to higher guidance and AI revenue growth as reasons for investor optimism. DigitalOcean Stock Jumps On Higher Guidance And AI Revenue Growth
Neutral Sentiment: Goldman Sachs lowered its price target from $178 to $156 but kept a Buy rating, signaling continued optimism alongside a more cautious valuation. Goldman Sachs price-target update
Negative Sentiment: UBS, Canaccord Genuity and Citigroup were reported to have cut their price targets or issued a more pessimistic outlook, adding pressure to sentiment. Canaccord nevertheless maintained a Buy rating. UBS Group price-target cut Canaccord Genuity price-target cut Citigroup forecast
Negative Sentiment: Coverage also highlighted a $1 billion offering and argued DOCN could be substantially below fair value after its results. The offering may raise concerns about financing and potential dilution. DigitalOcean Holdings Could Be 62% Below Fair Value Following Results And $1b Offering

About DigitalOcean

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DigitalOcean Holdings, Inc is a cloud computing company that provides infrastructure and developer-focused services for startups, small and medium-sized businesses, and individual developers. Its platform is designed to simplify the deployment, management, and scaling of applications without requiring customers to build and operate extensive in-house infrastructure.

The company’s offerings include Droplets, its virtual machine service; managed Kubernetes; managed databases; object and block storage; networking tools; and application deployment services through App Platform.