Goldman Sachs Lowers Price Target on DigitalOcean Holdings
Goldman Sachs maintained a 'Buy' rating on DigitalOcean Holdings but reduced its price target from $178 to $156.
Stocks · News reference
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Goldman Sachs maintained a 'Buy' rating on DigitalOcean Holdings but reduced its price target from $178 to $156.
DigitalOcean announced a collaboration with Box to support enterprise developers building AI agents and launched 'Cuttlefish,' a native iPhone application for managing these agents.
UBS has lowered its price target for DigitalOcean Holdings, Inc. from $105 to $100 while maintaining a Neutral rating.
Morgan Stanley has maintained its Overweight rating on DigitalOcean Holdings, Inc. while reducing its price target from $175 to $150.
DigitalOcean raised its revenue outlook for 2026 and 2027, expecting 60%+ growth in 2027. The company highlights three key strengths: AI customers adopting its complete cloud platform (90% of AI revenue from core cloud consumers), software innovation driving higher revenue yield per megawatt, and disciplined balance sheet management providing competitive advantages. Management expressed confidence in the company's positioning for the 'agentic era' heading into 2027-2028.
DigitalOcean reported third-quarter 2026 revenue of $321 million, exceeding analyst expectations, and provided updated financial guidance for the fourth quarter.