Should You Buy DocuSign Stock on the Dip?

It isn't always easy being the world's leading e-signature solution. 

Shares of the digital agreement service pioneer DocuSign (NASDAQ: DOCU) recently plunged more than 40% overnight in response to a quarterly earnings report most management teams can only dream of. Results recorded during the company's fiscal third quarter (ended Oct. 31, 2021) were in many ways outstanding. That didn't stop investors preoccupied with the stock's extremely high valuation from hammering it lower.

Is the recent drop an opportunity to buy a terrific business at a relative discount or is this a good stock to avoid? If you're thinking about buying some shares of DocuSign, here's what you should know.

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Source Fool.com