DigitalOcean price target raised to $83 from $68 at Cantor Fitzgerald

Cantor Fitzgerald analyst Thomas Blakey raised the firm’s price target on DigitalOcean (DOCN) to $83 from $68 and keeps an Overweight rating on the shares. DigitalOcean reported a strong Q4, with revenue and margins surpassing expectations, driven by large customers, where annual reucurring revenue is in triple digits, the analyst tells investors in a research note. Management raised 2026 topline guidance above prior Street expectations and set 2027 guidance 10%+ ahead, with demand exceeding current capacity plans, positioning DigitalOcean’s GPU/cloud-native services to scale with strong traction among $1M+ customers and supporting potential rerating of shares, the firm says.