DigitalOcean Holdings (DOCN) operates a cloud computing platform that provides developers with the necessary tools at an affordable rate. The company is thought of by many as the Shopify (SHOP) for cloud developers. I'm bullish on the stock. (See DOCN stock charts on TipRanks) Citron's Prediction Andrew Left's Citron Research recently placed a $200 price target on DigitalOcean stock, citing Shopify's journey to the thousands club as one having similar parallels. Earnings & Growth Since Citron's report was released, DigitalOcean managed to beat earnings, posting revenue of $103.8 million and a loss per share of $0.02 (beating estimates by three cents) in its second quarter.
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DigitalOcean (NYSE:DOCN)
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DigitalOcean (NYSE:DOCN)
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