DigitalOcean (DOCN) PT Raised to $115 at Oppenheimer

Oppenheimer analyst Param Singh raised the price target on DigitalOcean (NYSE: DOCN) to $115.00 (from $100.00) while maintaining a Outperform rating.

The analyst commented, "DigitalOcean reports earnings on May 5th, and we expect a top-line beat for 1Q and for management to modestly raise 2026 revenue guidance (while keeping 2027 growth at 30%). Behind our view are positive customer checks that indicate growing spend and platform resilience, which should help drive top-line acceleration. We also expect the industry-wide shortage in AI data center capacity to persist for multiple years and help DigitalOcean grow into a larger organization (300MW at steady state). This gives us a price target of $115, based on our multi-stage DCF. That said, near-term performance is limited by capacity additions, which makes it difficult for DigitalOcean to materially outperform its 2027 growth guidance, and creates a tough setup into the print vs. bullish buyside expectations."

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