Here's What Investors Are Missing About DocuSign

There's little doubt that the demand for electronic signatures has increased dramatically as a result of the coronavirus pandemic. As remote work and social distancing swept the globe, the ability to finalize the paperwork for a transaction with a few keystrokes and the click of a mouse became invaluable as one of many tools that kept businesses moving forward while helping to stem the tide of the pandemic.

The undisputed leader in the space, DocuSign (NASDAQ: DOCU), controls about 70% of the e-signature market and was the biggest beneficiary of the increased adoption of digitally approved documents. The stock has gained 96% so far in 2020, while the S&P 500 has just barely gotten back to breakeven.

Yet even as the need for digital signatures grows, there's another area that represents an even bigger opportunity for DocuSign, and this is the one that should have investors positively giddy about the future.

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Source Fool.com