Down 64% in This Bear Market, Can DocuSign Recover in 2023?
DocuSign (NASDAQ: DOCU) stock fell 63.6% during 2022 due to slowing growth and difficult market conditions. The company is dealing with headwinds in the post-pandemic economy, and its expensive valuation was unsustainable without ongoing massive growth. As conditions deteriorated and investors fled the tech sector, DocuSign took a beating.
It was an eventful year for DocuSign, which included the unexpected departure of CEO Dan Springer, who was replaced a few months later with growth tech veteran Allan Thygesen. The stock also experienced numerous high-profile analysts upgrades and downgrades as it navigates a challenging economic environment.
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Source Fool.com
