DocuSign Stock: Bear vs. Bull
(NASDAQ: DOCU) posted its latest earnings report on Sept. 7. For the second quarter of fiscal 2024, which ended on July 31, the e-signature leader's revenue rose 11% year over year to $688 million and beat analysts' estimates by $10 million. Its adjusted net income jumped 66% to $150 million, or $0.72 per share, and also cleared the consensus forecast by $0.06.
Those headline numbers looked stable, but DocuSign's stock still dipped after the report and remains 84% below its all-time high from September 2021. Let's review the bear and bull cases to see if DocuSign can bounce back over the next few quarters.
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 -15.27% for DocuSign Inc. compared to the current price of 51.93 €.