2 Tech Stocks Down 70% Ready for a Comeback
While many tech stocks have been booming as of late, DigitalOcean (NYSE: DOCN) and Paycom (NYSE: PAYC) have missed the boat. Both stocks are down around 70% from their pandemic-era highs, with the companies challenged by growth slowdowns.
Both DigitalOcean and Paycom are profitable and have bright futures, but their stories are being muddled by short-term issues. Here's why it's a great time to buy both stocks.
DigitalOcean has carved out a niche within the cloud computing market by focusing on developers and small businesses. The company's platform isn't nearly as extensive as that of Amazon Web Services. Instead of offering hundreds of different products and services fulfilling any and all needs, DigitalOcean focuses on getting the basics right.
Source Fool.com
