In this article, we will discuss the 14 Best Cloud Computing Stocks to Buy Right Now.
According to McKinsey, over 95% of enterprise organizations possess a cloud footprint, while the portion of enterprise workloads in public cloud has gone up from 32% in 2018 to 52% in 2025.
The firm’s 2024 report noted that cloud was one of the 18 future arenas of competition, which has the potential to bring in $29 trillion – $48 trillion in revenues by 2040. While public cloud consumption alone rose from ~$90 billion in 2019 to touch $335 billion in 2024, the industry can garner $1.6 trillion to $3.4 trillion in revenue by 2040.
Elsewhere, Deloitte noted that generative AI continues to increase the IT budgets for several companies. There could be some compression in margins for software companies in 2026 as a result of uncertain AI workloads economics, and the potential for higher infrastructure costs.
For companies having their own cloud infrastructure, there can be changes in their plans and delays in the development of data centers.
Amidst such trends, we will now have a look at the 14 Best Cloud Computing Stocks to Buy Right Now.
Our Methodology
To list the 14 Best Cloud Computing Stocks to Buy Right Now, we sifted through online rankings and shortlisted the stocks catering to the broader cloud computing sector. Next, we selected the ones popular among hedge funds, as of Q3 2025. Finally, the stocks are arranged in an ascending order of their hedge fund sentiments.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
14 Best Cloud Computing Stocks to Buy Right Now
14. DigitalOcean Holdings, Inc. (NYSE:DOCN)
Number of Hedge Fund Holders: 30
DigitalOcean Holdings, Inc. (NYSE:DOCN) is one of the 14 Best Cloud Computing Stocks to Buy Right Now. On February 5, Cantor Fitzgerald upgraded the company’s stock to “Overweight” from “Neutral,” increasing the price objective to $68 from $47. As per the analyst, this reflects ~6x the CY27 updated revenue targets.
The analyst opines that DigitalOcean Holdings, Inc. (NYSE:DOCN) will continue to scale its business, which includes winning large customers. This fact is backed by the company’s recent win of Character.ai. As the product expands, the analyst believes that there will be more traction with the GPU-led platform-as-a-service.
Furthermore, DigitalOcean Holdings, Inc. (NYSE:DOCN)’s digital-native-focused as well as developer-first approach, which focuses on offering hyperscale services to the overall mass market, seems well-placed to scale. This can drive profitable growth and additional re-rating of the company’s stock.
On January 27, BofA analyst Wamsi Mohan lifted its price objective on DigitalOcean Holdings, Inc. (NYSE:DOCN)’s stock to $72 from $60, while keeping a “Buy” rating. The firm raised its multiple to demonstrate the early adoption of agentic AI and use cases from the broadening of agentic AI. BofA believes that the company’s shares continue to trade higher, with agentic AI assistants, mainly Clawdbot, seeing traction throughout the developer communities.
DigitalOcean Holdings, Inc. (NYSE:DOCN) operates a cloud computing platform and offers on-demand infrastructure and platform tools.
