2 Beaten-Down Stocks with Tons of Upside
DocuSign (NASDAQ: DOCU) and Upstart (NASDAQ: UPST) both posted great results in their most recent quarters, yet their stock prices have not reflected that. Investors' abnormal, sky-high expectations have left these stocks on sale. Here's why both of them still have significant upside.
Image source: Getty Images.
DocuSign is down 60% from its highs following investors' overreaction to its lower billings in Q3 of 2021. Despite that, the company is still healthy and growing. Its main product enables its 1.1 million global business customers to sign and collect signatures electronically, making a previously pen-and-paper process faster and easier. With just $1.5 billion of the $50 billion digital signature and agreement market in its grasp, DocuSign enjoys an enormous, still-growing market opportunity.
Source Fool.com
