DigitalOcean Expected to Deliver Strong Q3 Beat, Raise Full-Year Growth Guidance, Oppenheimer Says

11:45 AM EDT, 10/14/2026 (MT Newswires) -- DigitalOcean (DOCN) is expected to deliver a strong Q3 beat and materially raise its 2026 growth guidance, driven by customer traction, short-duration pricing, and higher software attach rates, Oppenheimer said Wednesday. Current guidance implies incremental revenue per megawatt of $15.9 million in 2026 and $13.7 million in 2027, which Oppenheimer views as conservative given the CPU/GPU mix, increasing GPU and CPU pricing, and growing software attach rates, according to the note. The brokerage said its checks show enterprise customers adding AI use cases and rising demand for DigitalOcean's compute, storage, and database services. As workloads increase, the company's broader platform capabilities should drive higher customer spend and longer commitments, the note added. Oppenheimer kept an outperform rating on DigitalOcean and adjusted the price target to $220 from $190. Shares of DigitalOcean were down over 14% in Wednesday trading. Price: 113.00, Change: -15.21, Percent Change: -11.86