DigitalOcean (DOCN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Shares of cloud computing provider DigitalOcean (NYSE: DOCN) jumped 7.6% in the morning session after the S&P Dow Jones Indices announced that the company will replace Agiliti Inc. (AGTI) in the S&P SmallCap 600 index before the opening of trading on Tuesday, May 7, 2024.
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...