DigitalOcean Could Sustain Momentum Following Strong Q3 Results, Morgan Stanley Says

fidelity
2025.11.06 16:20
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DigitalOcean Holdings (DOCN) is expected to maintain its momentum into 2026 following strong Q3 results, according to Morgan Stanley. The company reported a non-GAAP net income of $0.54 per diluted share and revenue of $229.6 million, exceeding expectations. Morgan Stanley noted significant growth in artificial intelligence revenue and an increase in large customers. The firm's growth target for DigitalOcean has been accelerated to 18%-20% by 2026. Morgan Stanley raised its price target for DOCN stock to $56 from $44, maintaining an overweight rating.

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