Is DocuSign Stock a Buy Now?
(NASDAQ: DOCU) posted its latest earnings report on June 8. In the first quarter of fiscal 2024, which ended on April 30, the e-signature services leader's revenue rose 12% year over year to $661 million and surpassed analysts' expectations by $20 million. Its adjusted EPS rose 89% to $0.72 and also cleared the consensus forecast by $0.16.
However, DocuSign's stock still dipped after that earnings beat and remains more than 80% below its all-time high from September 2021. Should investors pick up some shares of this out-of-favor tech stock while the bulls turn the other way?
Image source: Getty Images.
Source Fool.com
DocuSign Inc. Stock
€47.90
1.790%
We see a rather positive sentiment for DocuSign Inc. with 9 Buy predictions and 1 Sell predictions.
As a result the target price of 59 € shows a positive potential of 23.17% compared to the current price of 47.9 € for DocuSign Inc..
