Down 73% in 3 Years, Can DocuSign Stock Make a Comeback in 2024?
Many stocks have seen this same pattern: They soared in the early stages of the pandemic only to end up crashing in 2022.
(NASDAQ: DOCU) is one such example. It was a hot growth stock in 2020 when pandemic-related restrictions meant companies relied on digital document solutions to continue doing business.
The stock more than tripled from its pre-COVID levels by 2021, but the optimism didn't last. After peaking at just over $310 per share, DocuSign saw a steep, steady decline. In the past three years, the stock is down 73%, but in recent months, it has been picking up steam once again. Is there reason to believe the stock could turn things around this year?
Source Fool.com
DocuSign Inc. Stock
€54.76
-0.050%
With 8 Sell predictions and only 2 Buy predictions the community sentiment for DocuSign Inc. is rather negative.
A potential of -21.48%, resulting from comparing the current price of 54.76 € with the target price of 43 € for DocuSign Inc., shows the chance of incurring significant losses.
