DocuSign Stock: Bear vs. Bull
(NASDAQ: DOCU) posted its latest earnings report on Sept. 7. For the second quarter of fiscal 2024, which ended on July 31, the e-signature leader's revenue rose 11% year over year to $688 million and beat analysts' estimates by $10 million. Its adjusted net income jumped 66% to $150 million, or $0.72 per share, and also cleared the consensus forecast by $0.06.
Those headline numbers looked stable, but DocuSign's stock still dipped after the report and remains 84% below its all-time high from September 2021. Let's review the bear and bull cases to see if DocuSign can bounce back over the next few quarters.
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Source Fool.com
DocuSign Inc. Stock
€47.55
0.640%
We see a rather positive sentiment for DocuSign Inc. with 8 Buy predictions and 1 Sell predictions.
As a result the target price of 59 € shows a positive potential of 24.08% compared to the current price of 47.55 € for DocuSign Inc..
