3 Reasons to Buy DigitalOcean Stock Like There's No Tomorrow

DigitalOcean (NYSE: DOCN) is a cloud stock that has long frustrated investors. The company developed an ingenious way to target small and medium-sized businesses that did not allow Amazon and Microsoft to compete directly.Unfortunately for its investors, the stock never recovered from the 2022 bear market. Still, it has built some catalysts that may make DigitalOcean a stock again worth considering. Consequently, three notable factors now work in the cloud stock's favor, and with these attributes, DigitalOcean stock could rise beyond its 2021 highs as conditions improve.At first glance, it may seem surprising that DigitalOcean, with a market cap of around $4 billion, could compete with enterprises having market caps that exceed $2 trillion. Nonetheless, the size of AWS or Azure does not allow for taking DigitalOcean's approach without destroying their business models.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool