This Glorious Growth Stock Is Up 68% in 12 Months. Here's Why More Gains Could Follow
2026-02-27 18:26:00 ET
The cloud computing industry is dominated by trillion-dollar tech giants like Amazon and Microsoft , which offer hundreds of solutions to help their business customers thrive in the digital age. They include everything from simple data storage to complex software development tools.
DigitalOcean (NYSE: DOCN) is another cloud provider, but it exclusively serves small and medium-sized businesses (SMBs) with a targeted suite of cost-effective solutions. It's now using that blueprint to help its customers develop and deploy artificial intelligence (AI) software, by providing them with computing capacity from state-of-the-art data centers, and a growing portfolio of third-party models from companies like Anthropic.
DigitalOcean stock has soared by 68% over the last 12 months, but with a market capitalization of just $5.7 billion, it's still a tiny player in the cloud and AI space. Here's why further upside might be on the horizon.
NASDAQ: DOCN
DOCN Trading
0.59% G/L:
$68.67 Last:
1,171,068 Volume:
$67.10 Open:
