Is Now the Time to Buy DocuSign Stock?
With over 1.4 million paying customers, (NASDAQ: DOCU) is the largest e-signature company in the world. It's estimated to hold a nearly 68% share of the e-signing market.
Even so, its stock is currently well below the 52-week high of $66.98 achieved last March, and down from the more than $60 per share reached in January. The current dip in share price could be a buying opportunity, or a signal to avoid the company. To know which, you have to examine what's going on with DocuSign in more detail.
And now is a good time to do so, since DocuSign is scheduled to release fiscal fourth-quarter earnings on March 7. So let's dive into the company to determine if it's a worthwhile investment.
Source Fool.com
DocuSign Inc. Stock
€53.16
-0.650%
With 8 Sell predictions and only 2 Buy predictions the community sentiment for DocuSign Inc. is rather negative.
With a target price of 43 € there is a slightly negative potential of -19.11% for DocuSign Inc. compared to the current price of 53.16 €.
