Is DocuSign Stock a Buy?
DocuSign (NASDAQ: DOCU), the world's largest e-signature services provider, went public at $29 per share in April 2018. It dazzled investors with its early-mover's advantage and robust revenue growth, and the stock subsequently skyrocketed to nearly $200.
However, investors might be wondering if DocuSign still has room to run as investors rotate from growth to value stocks in this jittery market. Let's dig deeper to find out.
DocuSign controls about 70% of the e-signature market. It serves roughly 892,000 paying customers worldwide, including 18 of the world's top 20 pharmaceutical companies, seven of its top ten tech companies, and ten of the top 15 financial companies. Hundreds of millions of people use its services.
Source Fool.com
