DocuSign Stock: Bull vs. Bear
DocuSign (NASDAQ: DOCU) was a stock market darling during pandemic-induced social distancing and shelter-in-place conditions, but the company's valuation suffered a big pullback as COVID-19 tailwinds lessened and macroeconomic headwinds curbed the market's appetite for growth stocks. Even after a surge following better-than-expected third-quarter earnings results, the software company's share price is down 54% over the last year and roughly 81% from its high.
Should investors treat the big pullback as a buying opportunity, or is there still too much downside risk at current prices? Read on to see our Motley Fool contributors present their bullish and bearish takes on what comes next for DocuSign stock.
Parkev Tatevosian: DocuSign provides enterprises, institutions, and individuals with a solution to an annoying necessity. Agreements, transactions, and sales often need to be put on paper and signed. That said, there is no requirement that these written agreements be on physical paper, if digital can be arranged. In many ways, DocuSign's e-signature service is an incredible improvement from creating documents in physical form, which force people to come together in person to sign.
Source Fool.com
