Added to YB: 2025-09-25
Pitch date: 2025-08-07
DOCN [bearish]
DigitalOcean Holdings, Inc.
-156.09%
current return
Author Info
No bio for this author
Company Info
DigitalOcean Holdings, Inc., through its subsidiaries, operates an agentic inference cloud platform in North America, Europe, Asia, and internationally.
Market Cap
$9.4B
Pitch Price
$34.00
Price Target
10.00 (-89%)
Dividend
N/A
EV/EBITDA
26.29
P/E
35.79
EV/Sales
11.98
Sector
IT Services
Category
special_situation
DigitalOcean Holdings, Inc. - $DOCN (short)
DOCN short: Cloud provider faces 60%+ downside from $1.5B convert refi (50% market cap), hidden related-party transactions w/ Access Industries obscuring China GPU sales, declining core business masked by acquisitions, negative real FCF despite mgmt claims of 16-18% margins, regulatory risk on China GPU loophole closure, material weaknesses in controls, C-suite exodus. Trading 4x sales vs peer OVH at 2.5x. Target ~$10.
Read full article (17 min)