DocuSign Stock: Bear vs. Bull
Few companies saw as rapid adoption during the COVID-19 pandemic as DocuSign (NASDAQ: DOCU) after meeting in person to sign documents quickly became a thing of the past. Since the company's software isn't as necessary now, signing new customers on has become increasingly difficult. However, DocuSign has a large client base that isn't leaving its platform, and if it can get those customers to expand their spending, it could still be a worthwhile stock to own.
So should you own DocuSign stock, or is it time to move on? Let's break down the bull and bear case for DocuSign and find out.
DocuSign has a massive customer base of 1.36 million clients. Of those, it considers 211,000 of them enterprise and commercial customers, with 1,080 spending more than $300,000 annually. If DocuSign can launch a product or feature that is a game changer, a significant cohort would likely adopt it, providing a sizable boost to the company's revenue.
Source Fool.com
