Docusign Stock Surged 200% in 2020 -- Is It a Buy for 2021?
With just days remaining until 2021, shares of DocuSign (NASDAQ: DOCU) are up over 200% on the year, boosting the stock's total return to 480% since its early 2018 IPO. That impressive performance could be far from over, though.
DocuSign is a big company now, with a market cap currently hovering just below $43 billion, but the e-signature leader is picking up lots of new customers and finding new applications for its technology. Don't write off this software stock because of last year's run-up.
DocuSign's business is simple to understand: It pioneered the e-signature, and it is now responsible for the automation of agreements and digital transactions for some 820,000 paying customers globally, with millions of users.
Source Fool.com
