DocuSign Stock: A Tale of Two Clouds
DocuSign (NASDAQ: DOCU) holds tremendous potential as a comeback stock. It boomed during the height of the pandemic when entities needed its online solution to execute agreements. Although that need abated after the end of lockdowns, the company proved that e-signatures are here to stay.
According to Fortune Business Insights, the online-signature market will enjoy a compound annual growth rate (CAGR) of 35% through 2030, and the document management industry has an expected CAGR of 17% over the same period. That points to the tremendous potential of DocuSign and its industry.
The company hopes to take advantage of this growth more fully through a document ecosystem called the DocuSign Agreement Cloud. Unfortunately for shareholders, one considerable uncertainty casts a dark cloud over the company's future. The question for investors is which "cloud" should become the deciding factor regarding DocuSign stock.
Source Fool.com
DocuSign Inc. Stock
The sentiment is rather negative at the moment with 8 Sell predictions and 2 Buy predictions.
This results in a negative potential of -22.37% based on a current price of 55.39 € and a target price of 43 € for the stock.
