1 Growth Stock Down 40% to Buy Hand Over Fist Right Now
Shares of DigitalOcean (NYSE: DOCN) experienced a sharp pullback in the past three months after a bright start to the year. The drop seems quite surprising considering the company delivered a couple of solid quarterly reports so far in 2025.DigitalOcean provides on-demand, cloud-computing infrastructure to developers, small businesses, and start-ups, and the demand for the company's solutions has picked up impressively in recent quarters thanks to artificial intelligence (AI). The growing adoption of cloud-based AI services was a key reason why DigitalOcean crushed Wall Street's estimates in February. This was followed by another set of strong results for the first quarter of 2025, released on May 6.Still, the cloud-computing stock trades down about 40% since hitting a 52-week high in mid-February. The good part is that this steep pullback in DigitalOcean's share price is an opportunity for savvy investors to buy a top growth stock at an attractive valuation.Continue reading
Shares of DigitalOcean (NYSE: DOCN) experienced a sharp pullback in the past three months after a bright start to the year. The drop seems quite surprising considering the company delivered a couple of solid quarterly reports so far in 2025.
DigitalOcean provides on-demand, cloud-computing infrastructure to developers, small businesses, and start-ups, and the demand for the company's solutions has picked up impressively in recent quarters thanks to artificial intelligence (AI). The growing adoption of cloud-based AI services was a key reason why DigitalOcean crushed Wall Street's estimates in February. This was followed by another set of strong results for the first quarter of 2025, released on May 6.
Still, the cloud-computing stock trades down about 40% since hitting a 52-week high in mid-February. The good part is that this steep pullback in DigitalOcean's share price is an opportunity for savvy investors to buy a top growth stock at an attractive valuation.
