10 Stocks Investors Have Ditched

8. DigitalOcean Holdings Inc. (NYSE:DOCN)

DigitalOcean dropped its share prices by 8.45 percent on Thursday to close at $54.26 apiece as investors continued to take profits to take advantage of last week’s record high.

Prior to DigitalOcean Holdings Inc.’s (NYSE:DOCN) earnings performance, the stock soared to a four-year high of $70.43 last week, reflecting as much as a 27 percent jump in the month of February alone.

Last Tuesday, the company reported its earnings performance for 2025, with full-year net income attributable to shareholders more than tripling to $259 million from $84 million in 2024. Revenues also increased by 15.5 percent to $901 million from $780.6 million year-on-year.

In the fourth quarter alone, attributable net profit climbed by 40.4 percent to $25.66 million from $18.27 million in the same period a year earlier, while revenues jumped by 18 percent to $242.39 million from $204.9 million.

For this year, DigitalOcean Holdings Inc. (NYSE:DOCN) expects total revenues to break past the $1 billion territory, at $1.075 billion to $1.105 billion, or an implied growth of 19 to 22.6 percent year-on-year.

Following the results, Morgan Stanley raised its price target for DigitalOcean Holdings Inc. (NYSE:DOCN) by 34 percent to $75 from $56 previously, while maintaining an “overweight” rating, saying that the latter’s previous strategic initiatives are starting to drive growth results.