DocuSign Beat Expectations Again. Time to Buy?
Shares of cloud-based agreement-service provider, (NASDAQ: DOCU) briefly surged in response to a quarterly report that, in some ways, was better than expected. Unfortunately, the stock fell once investors had more time to digest management's forward outlook. Now, DocuSign shares are around 82% below the all-time high they set in 2021.
The latest quarter wasn't the first time that Docusign beat analyst expectations. Could a big rally be around the corner for this beaten-down growth stock? Let's take a closer look to see if it deserves a place in your portfolio right now.
Wall Street predicted the company would earn an adjusted $0.56 per share during the fiscal first quarter that ended April 30. DocuSign blew past expectations by reporting adjusted earnings that surged 89% year over year to $0.72 per share.
Source Fool.com
DocuSign Inc. Stock
Our community is currently low on DocuSign Inc. with 3 Buy predictions and 8 Sell predictions.
A slightly negative potential of -13.91% at a current price of 51.11 € for DocuSign Inc. is the result of a target price of 44 €.
