DigitalOcean had its Relative Strength (RS) Rating upgraded from 80 to 85 Thursday.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
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DigitalOcean is not currently showing a potential buy point. See if the stock goes on to form a promising consolidation that could launch a new move.
While revenue growth fell last quarter from 13% to 12%, earnings-per-share grew 18%, up from 9% in the prior report.
DigitalOcean earns the No. 16 rank among its peers in the Computer Software-Enterprise industry group. Klaviyo, ServiceNow and Palantir Technologies are among the top 5 highly rated stocks within the group.
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