1 Brilliant Growth Stock Down 72% to Buy Hand Over Fist for 2024

By Parkev Tatevosian, CFA – Jan 4, 2024 at 9:27AM

NYSE: DOCN

DigitalOcean

Market Cap

$3B

Today's Change

(3.30%) $1.07

Current Price

$33.51

Price as of April 26, 2024, 4:00 p.m. ET

Investors looking for growth stocks have an excellent opportunity to add this beaten-down stock to their portfolio.

Fool.com contributor Parkev Tatevosian discusses why the sell-off in this growth stock is a buying opportunity for long-term investors.

*Stock prices used were the afternoon prices of Jan. 1, 2024. The video was published on Jan. 3, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends DigitalOcean. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.