Where Will DigitalOcean Stock Be in 5 Years?
DigitalOcean(DOCN) The Motley Fool·2024-07-14 05:20
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%. What are realistic five-year expectations? In other words, such a massive opportunity means the company has tapped into less than 1% of its market. Then again, DigitalOcean's growth has failed to keep up with the industry in recent years. Even smaller businesses may prefer to use the cloud-computing platforms from the tech giants. This competitive risk is some ...