2023-04-25 09:15:00 ET
DigitalOcean (NYSE: DOCN) has been a divisive investment ever since it went public in March 2021. The bulls claimed it could carve out a niche in the crowded cloud infrastructure market by doling out tiny "droplets" of servers for small to medium-sized businesses, while the bears believed it would be rendered obsolete by its larger competitors.
The bulls bid DigitalOcean up from its initial public offering price of $47 to an all-time high of $130.26 in November 2021. But rising interest rates and other macro headwinds brought back the bears, and today, its shares trade at about $34. To see if the stock is worth investing in now, let's weigh seven reasons to buy the stock against one reason to sell it.
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7 Reasons to Buy DigitalOcean Stock, and 1 Reason to Sell