Could DocuSign Stock Help You Retire a Millionaire?
(NASDAQ: DOCU) has taken investors on a wild ride since its IPO in 2018. The e-signature services leader went public at $29, skyrocketed to an all-time high of $310.05 on Sept. 3, 2021, but now trades at $41. A $10,000 investment in its IPO would have grown to nearly $107,000 before shrinking back to about $14,000.
A 40% return in five years isn't too bad, but it likely disappointed investors who had expected DocuSign to generate bigger multibagger gains. Could this out-of-favor growth stock still help you retire as a millionaire over the next few decades?
Image source: Getty Images.
Source Fool.com
DocuSign Inc. Stock
€51.56
1.500%
Our community is currently low on DocuSign Inc. with 3 Buy predictions and 8 Sell predictions.
A slightly negative potential of -14.66% at a current price of 51.56 € for DocuSign Inc. is the result of a target price of 44 €.
