Where Will DigitalOcean Stock Be in 5 Years?

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, Digi ...