DigitalOcean price target raised to $115 from $100 at Oppenheimer

Oppenheimer raised the firm’s price target on DigitalOcean (DOCN) to $115 from $100 and keeps an Outperform rating on the shares. DigitalOcean reports earnings on May 5th, and the firm expects a top-line beat for Q1 and for management to modestly raise 2026 revenue guidance. Behind Oppenheimer’s view are positive customer checks that indicate growing spend and platform resilience, which should help drive top-line acceleration. It also expects the industry-wide shortage in AI data center capacity to persist for multiple years and help DigitalOcean grow into a larger organization.