Will DocuSign Stock Bounce Back?

DocuSign (NASDAQ: DOCU) shares have been in deep water since the end of 2021. The company provided forward guidance in its third quarter earnings call that discouraged investors, mildly speaking. Following the announcement, DocuSign shares crashed over 40% over a two day span, and the stock has since declined further. A combination of a negative earnings report and macroeconomic headwinds adversely affecting high growth tech stocks as a whole has left DocuSign's stock down 63% in the past six months.

The recent sell-off in DocuSign shares has left many investors wondering if the stock is an attractive investment opportunity in today's market. Daniel Springer, the company's CEO, bought $2.4 million worth of DocuSign stock in January, a potential signal to investors that the business is undervalued. There are several elements that investors should consider before pulling the trigger on DocuSign. With that in mind, let's dive into the good -- and not so good -- aspects of DocuSign's business today.

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