1 Fantastic Growth Stock Down 80% Investors Can Buy Hand Over Fist in 2024
A darling of the stock market during coronavirus lockdowns, leading digital-signature and contract-management player (NASDAQ: DOCU) has seen its shares drop by nearly 80% from their all-time high of $310 in September 2021.
Much of this drawdown can be attributed to very slow top-line growth amid an elongated sales cycle and increased competition from bigger players such as Adobe and Dropbox as well as new entrants in the digital-signature market.
Recently, however, the stock has been on an upswing, climbing nearly 62% from its low of $38 in this past October amid rumors of a potential buyout by a private equity firm. According to a Reuters report, Bain Capital and Hellman Friedman may be among the final bidders in an auction for DocuSign.
Source Fool.com
DocuSign Inc. Stock
Currently there is a rather negative sentiment for DocuSign Inc. with 3 Buy predictions and 8 Sell predictions..
With a target price of 44 € there is a slightly negative potential of -14.56% for DocuSign Inc. compared to the current price of 51.5 €.
