Added to YB: 2024-05-14
Pitch date: 2024-05-13
DOCN [bullish]
DigitalOcean Holdings, Inc.
+20%
current return
Author Info
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Company Info
DigitalOcean Holdings, Inc., through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally.
Market Cap
$4.2B
Pitch Price
$38.15
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.04
P/E
17.38
EV/Sales
6.45
Sector
IT Services
Category
growth
Show full summary:
DigitalOcean: The Pure-Play Computing Provider Ready to Ride the AI Wave
$DOCN: Only pure-play computing provider for SMBs/startups. Paperspace acquisition fuels AI growth: GPU infra service saw 70% usage jump Mar-Apr. 16% rev CAGR '24-'27, 40% EBITDA margin, 20% FCF margin. AI tailwinds + developer-first approach w/ community & tutorials set stage for growth.
Read full article (1 min)