Is DocuSign Stock Finally On the Road to Recovery After Its Spectacular Fall from Grace?
After growing like gangbusters for several years following its 2018 debut, (NASDAQ: DOCU) has fallen on hard times. As remote work and social distancing gave way to a macroeconomic downturn, the digital signature specialist was particularly hard hit. The novelty of consummating contracts and other agreements with a few keystrokes and the click of a mouse eventually wore off. Many companies scrapped plans to go digital and went back to business as usual -- and DocuSign's growth slowed to a crawl.
Fair-weather investors headed for the hills, but reports of DocuSign's demise have been greatly exaggerated and the company has continued to grow -- albeit at a slower rate. While there's still much work to be done, DocuSign delivered results that outpaced expectations, giving shareholders a shot of confidence that the beleaguered company might finally have turned the corner.
Image source: Getty Images.
Source Fool.com
DocuSign Inc. Stock
Our community is currently low on DocuSign Inc. with 3 Buy predictions and 8 Sell predictions.
A slightly negative potential of -14.61% at a current price of 51.53 € for DocuSign Inc. is the result of a target price of 44 €.
