Why DocuSign Stock Soared Today
Shares of DocuSign (NASDAQ: DOCU) are up 13.7% as of 2:45 p.m. ET Friday afternoon after The Wall Street Journal reported the e-signature leader is exploring a potential sale.
According to sources familiar with the situation, DocuSign is working with advisors to gauge interest in a potential sale of the company. The conversations remain in the early stages, and there are no guarantees a deal will be reached.
Any number of acquirers could be interested, though -- whether from the private equity space or publicly traded competitors like Adobe, which offers its own Acrobat Sign solution. Any deal would be substantial, given DocuSign's market cap at just over $13 billion as of this writing, potentially making it one of the largest leveraged buyouts in recent years.
Source Fool.com
DocuSign Inc. Stock
With 8 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 59 € there is a positive potential of 25.27% for DocuSign Inc. compared to the current price of 47.1 €.
