Could DocuSign Become the Next Adobe?
(NASDAQ: DOCU) was one of the market's hottest tech stocks in 2021. The e-signature service leader's shares closed at a record high of $310.05 that September, marking a 969% gain from its IPO price in 2018.
At the time, DocuSign's business was firing on all cylinders, its billings growth was accelerating as the pandemic drove more companies to adopt its digital signatures, and the bulls blissfully ignored its rising valuations.
Image source: Getty Images.
Source Fool.com
DocuSign Inc. Stock
€51.41
-0.230%
Our community is currently low on DocuSign Inc. with 3 Buy predictions and 8 Sell predictions.
A slightly negative potential of -14.41% at a current price of 51.41 € for DocuSign Inc. is the result of a target price of 44 €.
