DigitalOcean: I Expect Growth To Accelerate In The Foreseeable Future
DigitalOcean(DOCN) Seeking Alpha·2024-11-19 09:59
I give a buy rating for DigitalOcean (NYSE: DOCN ) as I expect growth to accelerate in the coming years, supported by the success of its AI strategy, growing mix of large customers, and an improving net dollar retention rate. Once growth accelerates, valuationI am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investi ...