Better Cloud Stock: DocuSign vs. ServiceNow
(NASDAQ: DOCU) and ServiceNow (NYSE: NOW) both simplify and streamline tasks for companies with their cloud-based services. DocuSign is the world's largest provider of e-signature services, while ServiceNow's services help companies organize their unstructured work patterns into automated digital workflows.
But over the past three years, DocuSign's stock plunged nearly 70% as ServiceNow's stock rallied by roughly the same amount. Let's see why these two stocks went in opposite directions -- and if ServiceNow is still a better buy than DocuSign.
Image source: Getty Images.
Source Fool.com
DocuSign Inc. Stock
€57.98
-0.310%
Currently there is a rather negative sentiment for DocuSign Inc. with 3 Buy predictions and 5 Sell predictions..
A potential of -22.39%, resulting from comparing the current price of 57.98 € with the target price of 45 € for DocuSign Inc., shows the chance of incurring significant losses.
