Down 73% in 3 Years, Can DocuSign Stock Make a Comeback in 2024?
Many stocks have seen this same pattern: They soared in the early stages of the pandemic only to end up crashing in 2022.
(NASDAQ: DOCU) is one such example. It was a hot growth stock in 2020 when pandemic-related restrictions meant companies relied on digital document solutions to continue doing business.
The stock more than tripled from its pre-COVID levels by 2021, but the optimism didn't last. After peaking at just over $310 per share, DocuSign saw a steep, steady decline. In the past three years, the stock is down 73%, but in recent months, it has been picking up steam once again. Is there reason to believe the stock could turn things around this year?
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 -14.56% for DocuSign Inc. compared to the current price of 51.5 €.