DigitalOcean downgraded by Piper Sandler with a new price target
$DOCN
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Piper Sandler downgraded DigitalOcean from Neutral to Underweight and set a new price target of $35.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/24/2025 | $45.00 | Buy | Citigroup |
| 1/17/2025 | $39.00 | Neutral | Cantor Fitzgerald |
| 1/16/2025 | $40.00 → $41.00 | Equal-Weight → Overweight | Morgan Stanley |
| 5/22/2024 | $40.00 | Neutral | UBS |
| 11/21/2023 | $37.00 | Perform → Outperform | Oppenheimer |
| 11/7/2023 | $33.00 | Sell → Buy | Goldman |
| 10/23/2023 | $30.00 → $22.00 | Underweight → Neutral | Piper Sandler |
| 9/8/2023 | $47.00 → $25.00 | Buy → Underperform | BofA Securities |
8-K - DigitalOcean Holdings, Inc. (0001582961) (Filer)
144 - DigitalOcean Holdings, Inc. (0001582961) (Subject)
SCHEDULE 13D/A - DigitalOcean Holdings, Inc. (0001582961) (Subject)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced a collaboration with AMD that provides DigitalOcean customers with access to AMD Instinct™ GPUs as DigitalOcean GPU Droplets to power their AI workloads starting with the AMD MI300X GPUs. Later this year, DigitalOcean will offer AMD Instinct™ MI325X GPUs, further expanding access to powerful and affordable GPU models. AMD Instinct™ MI325X GPU accelerators set new AI performance standards, delivering incredible performance and efficiency for training and inference. AMD Instinct MI300X GPUs deliver leadership performance for accelerated high-performance computing (HPC) applic
GPU Droplets support inference and complex AI workloads DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced that NVIDIA RTX 4000 Ada Generation, NVIDIA RTX 6000 Ada Generation, and NVIDIA L40S GPUs are generally available to customers as DigitalOcean GPU Droplets. These newly available GPU Droplets bring NVIDIA's powerful accelerated computing platform with best-in-class graphics and media acceleration to DigitalOcean's platform, and complement existing NVIDIA H100 GPU Droplets and H200 Bare Metal GPUs. By expanding access to NVIDIA GPUs at multiple price points, DigitalOcean GPU Droplets help reduce the barriers to AI adopt
Q1 2025 Revenue of $211 million, up 14% year-over-year Q1 2025 Net Income was $38 million, up 170% year-over-year, at 18% margin and Adjusted EBITDA was $86 million, up 16% year-over-year, at 41% margin DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced results for its first quarter ended March 31, 2025. "The momentum we generated in 2024 in both core cloud and AI continued into Q1, as we grew total revenue 14% year-over-year, our highest quarterly growth rate since Q3 2023, with AI ARR continuing to grow north of 160% year-over-year, and we delivered more than 50 new product features, over 5 times as many as we delivered