DigitalOcean: I Expect Growth To Accelerate In The Foreseeable Future
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DigitalOcean is expected to experience growth acceleration due to its AI strategy, larger customer base, and improving net dollar retention rate. The company beat 3Q24 earnings expectations and raised its FY24 guidance, leading to a positive market outlook.
November 19, 2024 | 2:15 am
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DigitalOcean is expected to accelerate growth due to its AI strategy and strong 3Q24 earnings performance. The company raised its FY24 guidance, indicating a positive outlook.
DigitalOcean's AI strategy and strong 3Q24 earnings performance, with revenue and adj EBITDA beating consensus, suggest a positive impact on its stock price. The raised FY24 guidance further supports a bullish outlook.
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