2 Growth Stocks I Plan To Buy If The Stock Market Crashes

The first stock I plan to buy: DigitalOcean

DigitalOcean (DOCN -3.12%) provides cloud services, but units much larger competitors, such as Amazon Web Services and Microsoft Azure, it primarily targets small and mid-sized (SMB) enterprise customers. It offers them clear, transparent pricing, highly personalized support, and a simple platform that makes deployment easy, even for enterprises without in-house technical teams.

The company is now applying that blueprint to its growing portfolio of AI products and services. It offers these through a new platform called AI-Native Cloud, which features five distinct layers to help enterprises deploy AI software. The infrastructure layer sits at the foundation: DigitalOcean now operates 20 data centers equipped with specialized chips from suppliers Nvidia and Advanced Micro Devices, and it leases the computing capacity to its customers.

Another key layer is the inference engine, where customers can tap into foundation models from developers, such as OpenAI and Anthropic, in addition to over 70 open-source models. Using these models and the computing capacity from the infrastructure layer, enterprises can rapidly build and deploy AI agents, chatbots, and other applications.

DigitalOcean Stock Quote

NYSE: DOCN

DigitalOcean

Premium Feature

Moneyball Superscore

88/100

Today’s Change

(-3.12%) $-4.15

Current Price

$128.83

Key Data Points

Market Cap

$16BMarket cap calculated using publicly traded s outstanding only. Does not include unlisted, private, or dual-class non-traded s. Implied market cap may vary.

Day’s Range

$128.15 – $136.97

52wk Range

$33.69 – $187.50

Volume

816.9K

Avg Vol

3.2M

Gross Margin

57.22%

DigitalOcean had $1.1 billion in annual recurring revenue (ARR) as of June 30. AI customers accounted for $234 million of that total, a staggering 212% increase from the same time last year. The company’s order backlog from customers who are waiting for more data centers to come online was also $894 million as of June 30, a 12-fold increase from the year-ago period. That suggests even faster AI revenue growth might be on the horizon.

Its stock looks a great investment based on those numbers alone, but valuation matters. Its s currently sport a price-to-sales (P/S) ratio of 13.2, which far exceeds its long-term average of 8.6 since going public in 2021. I would be a buyer near the average because of the AI growth this company has in the pipeline, so I will wait and see if a broad market correction presents me with an opportunity.

DOCN PS Ratio data by YCharts

The second stock I plan to buy: Lemonade

Lemonade (LMND -2.12%) offers homeowners, renters, life, pet, and car insurance to over 3.3 million customers across the U.S. and Europe. But it separates itself from traditional insurers by placing AI at the center of its business. For example, a prospective customer can get a quote from Lemonade in under 90 seconds via the Maya chatbot on its website, and a separate AI assistant, Jim, can process claims in just a few seconds without human intervention.

The insurer also uses AI to calculate premiums and manage its operations, resulting in a high degree of efficiency. During the second quarter of 2026, the company’s loss adjustment expense (LAE) ratio fell to a record low of 5%, nearly half the industry average of 9%. The LAE ratio measures the percentage of premiums an insurer spends on handling claims (the lower the better), so 5% is very efficient.

Lemonade Stock Quote

NYSE: LMND

Lemonade

Premium Feature

Moneyball Superscore

76/100

Today’s Change

(-2.12%) $-1.03

Current Price

$47.55

Key Data Points

Market Cap

$3.8BMarket cap calculated using publicly traded s outstanding only. Does not include unlisted, private, or dual-class non-traded s. Implied market cap may vary.

Day’s Range

$47.53 – $49.41

52wk Range

$46.16 – $99.90

Volume

391.4K

Avg Vol

1.3M

Lemonade had over $1.4 billion of in-force premiums (IFP) at the end of the second quarter of 2026, representing the value of the premiums from all active policies. That figure grew by 32% year over year. And thanks to the company’s low gross loss ratio of 60% (the percentage of premiums paid out as claims), its revenue soared by 79% year over year to $294.4 million.

But Lemonade’s growth story is still in the early stages, because management believes the company’s IFP could grow by 600% to $10 billion by 2034. Its stock is already relatively inexpensive because its P/S ratio of 4.3 is actually lower than its three-year average of 5.3, so a broad market correction could present investors with a golden long-term buying opportunity.