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Why DocuSign Stock Keeps Going Down

TheMotleyFool

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Shares of DocuSign (NASDAQ: DOCU), the e-signature company that roughly tripled in value over the course of the pandemic -- only to fall 58% over the past 12 months -- tumbled once again in early Tuesday trading. As of 10:45 a.m. ET, DocuSign stock is down 3%. And you can thank Wedbush Securities for that.

As TheFly.com reports this morning, investment-bank Wedbush downgraded shares of DocuSign from neutral to underperform today and cut its price target on the e-signatures stock by 25%, to $60 a share.

Image source: Getty Images.

Source Fool.com

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