Digitalocean is a smaller cloud provider targeting small businesses. Its revenue is growing at about 20% or more year over year. It's cash flow positive. It serves the growing cloud industry. Revenue is probably going to hit 700 million or more this year with a market cap of $3.5 billion.
I feel like no one ever mentions it. I am heavily invested and planning to hold for the long term. 5 years from now, we will see multi-billion dollar revenue with a good profit margin. Lots of tech companies trade at 10x sales. I could easily see DOCN hitting that same ratio with a $20-30 billion market cap in a 5-10 year time.
[link] [comments] https://www.reddit.com/r/stocks/comments/13yr6wn/docn_is_an_underrated_tech_stock/
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