Why DocuSign Stock Is Plummeting This Week
Shares of leading e-signature and agreement management platform DocuSign (NASDAQ: DOCU) are down 16% this week as of noon ET on Thursday, according to data provided by S&P Global Market Intelligence.
This decline stems from artificial intelligence behemoth OpenAI launching DocuGPT -- an AI solution with similar capabilities to DocuSign -- on Tuesday.
Experiencing most software stocks' worst nightmare, DocuSign saw its shares plummet this week. However, I don't believe it is necessarily a death knell for the well-established firm.
Source Fool.com
DocuSign Inc. Stock
€38.98
-11.530%
Currently there is a rather positive sentiment for DocuSign Inc. with 9 Buy predictions and 3 Sell predictions.
With a target price of 97 € there is potential for a 148.88% increase which would mean more than doubling the current price of 38.98 € for DocuSign Inc..
