Where Will DigitalOcean Stock Be in 5 Years?
DigitalOcean(DOCN) The Motley Fool·2024-07-14 05:20
The opportunity for growth is certainly there.With a market valuation of about $3 billion, DigitalOcean (DOCN -0.27%) is one of the smaller players in the cloud-computing space. It's a good business with plenty of customers, steady revenue growth, and strong margins, but not everything is going according to plan.In June 2022, management set financial goals for 2024: revenue of $1 billion, revenue growth of greater than 30%, and a free-cash-flow margin of 20%.However, as of the first quarter of 2024, Digital ...