On August 10, DigitalOcean Holdings, Inc. rose 5.41% in regular trading, trading at $131.24/share, with turnover of $28.42 million. The stock continued to gain as the market repriced fundamentals following a strong Q2 earnings report released on August 4.

DigitalOcean reported Q2 adjusted EPS of $0.45, beating the analyst consensus estimate of $0.26 by 73%. Revenue came in at $281.18 million, representing approximately 29% year-over-year growth and exceeding the FactSet consensus of $279.19 million. The company simultaneously raised its full-year Non-GAAP EPS guidance to a range of $1.35 to $1.40, well above the prior market estimate of $1.24. Additionally, remaining performance obligations surged more than 10-fold year-over-year to exceed $800 million, underscoring strong demand visibility. UBS subsequently adjusted its price target to $140 from $155 while maintaining a Neutral rating, noting that the Richmond data center is running near full capacity and that the Kansas City facility ramp will be the key swing factor for Q3.

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