DocuSign's New Strategy Looks Just Like Its Old Strategy
(NASDAQ: DOCU) was one of the best-positioned companies to benefit from the pandemic. The company's e-signature platform boomed as industries that had resisted the technology had little choice but to adopt it. Its revenue soared 49% in fiscal 2021 and 45% in fiscal 2022.
A combination of the waning of the pandemic and increased e-signature competition has since put a chill on DocuSign's growth rate. Revenue rose by 7% year over year in the first quarter of fiscal 2025, and the company's full-year outlook calls for growth of just 6%.
If you haven't followed DocuSign at all over the past few years, you would think that the company vastly altered its strategy in April when it announced its Intelligent Agreement Management, or IAM, platform. DocuSign claims this platform opens up an entirely new software-as-a-service category.
Source Fool.com
DocuSign Inc. Stock
Our community is currently low on DocuSign Inc. with 3 Buy predictions and 7 Sell predictions.
A slightly negative potential of -13.41% at a current price of 51.97 € for DocuSign Inc. is the result of a target price of 45 €.
