|Bid||0.00 x 1000|
|Ask||0.00 x 1100|
|Day's range||78.66 - 87.25|
|52-week range||35.35 - 133.40|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Companies such as DigitalOcean Holdings (NYSE: DOCN) and Palantir (NYSE: PLTR) fit this description. On the surface, DigitalOcean might seem like a disadvantaged enterprise. DigitalOcean offers easy-to-understand plans with straightforward pricing, making evaluating the service more accessible for entrepreneurs.
Legendary investor Peter Lynch once offered this advice: "All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out." With that in mind, I think Upstart Holdings (NASDAQ: UPST) and DigitalOcean (NYSE: DOCN) are well positioned to grow fivefold or more over the next decade, a pace that would turn $200,000 into at least $1 million. For over thirty years, financial institutions have relied on the FICO score -- a three digit number that considers just 12 to 20 variables -- in order to determine who qualifies for a loan and at what interest rate.
Technology stocks can offer high-growth returns, but it's important to take a long-term view to filter out short-term market noise.