Will DocuSign Be a Trillion-Dollar Stock by 2040?
DocuSign (NASDAQ: DOCU), the world's top provider of e-signature services, went public in April 2018 at $38 per share. Its shares eventually soared to an all-time high of $310.05 on Sept. 3, 2021, which boosted its market cap to $61 billion.
But today, DocuSign's stock trades at about $59, with a market cap of $12 billion. The bulls retreated as the company's growth slowed and rising interest rates compressed its valuation. The abrupt departure of CEO Dan Springer in June 2022 raised even more red flags.
DocuSign certainly disappointed a lot of its investors over the past six years, but could it expand and evolve into a trillion-dollar company by 2040? Let's review its valuation and long-term challenges to decide.
Source Fool.com
DocuSign Inc. Stock
€53.23
0.360%
The sentiment is rather negative at the moment with 8 Sell predictions and 2 Buy predictions.
A slightly negative potential of -19.22% at a current price of 53.23 € for DocuSign Inc. is the result of a target price of 43 €.
