Is DigitalOcean Stock a Buy? [Yahoo! Finance]
DigitalOcean Holdings, Inc. (DOCN)
Company Research
Source: Yahoo! Finance
While Amazon Web Services (AWS), Microsoft Azure, and Alphabet 's Google Cloud cater to enterprise customers with complex requirements and vast budgets, the average DigitalOcean customer spends less than $100 per month. This focus on individual developers and small businesses yields opportunities and risks. The market for infrastructure-as-a-service and platform-as-a-service among individuals and companies with fewer than 500 employees is currently worth $114 billion, and IDC expects it to nearly double to $213 billion by 2027. While the big cloud providers play in this market, the simplicity of DigitalOcean's platform is appealing to those without vast IT budgets. The downside to DigitalOcean's focus on smaller customers is a lack of stickiness. When a large enterprise goes all-in on AWS, that's the ball game. That enterprise is unlikely to seriously consider switching providers because the disruption and cost involved with untangling itself from AWS would be too high. For a smal
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News
- DigitalOcean And Hugging Face Make AI Accessible With 1-Click Models [Forbes]Forbes
- DigitalOcean Holdings, Inc. (NYSE: DOCN) had its price target raised by analysts at JPMorgan Chase & Co. from $32.00 to $40.00. They now have a "neutral" rating on the stock.MarketBeat
- DigitalOcean Launches Strategic Partnership with Hugging FaceBusiness Wire
- DigitalOcean Holdings, Inc. (NYSE: DOCN) had its price target raised by analysts at Barclays PLC from $38.00 to $48.00. They now have an "overweight" rating on the stock.MarketBeat
- 2 Artificial Intelligence (AI) Stocks Trading Under $50 That Can Supercharge Your Portfolio [Yahoo! Finance]Yahoo! Finance
DOCN
Earnings
- 8/8/24 - Beat
DOCN
Sec Filings
- 10/18/24 - Form 4
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- DOCN's page on the SEC website