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Stock impact report

3 Reasons to Buy DigitalOcean Stock Like There's No Tomorrow [Yahoo! Finance]

DigitalOcean Holdings, Inc. (DOCN) 
Company Research Source: Yahoo! Finance
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. 1. Competitive advantage 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. DigitalOcean allows customers to buy IT services a la carte, meaning a small business can buy only the IT services it needs, likely leading to lower costs. In contrast, the tech giants have geared themselves to serve larger clients with more complex needs, meaning it would likely diminish their revenue if Show less Read more
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