Where Will DocuSign Stock Be in 1 Year?
(NASDAQ: DOCU) was once a hot growth stock, but it lost its luster as its sales growth slowed and rising interest rates compressed its valuations. The e-signature service provider's stock has declined nearly 10% over the past 12 months, and it remains more than 80% below its all-time high from September 2021.
Could this out-of-favor stock bounce back over the next year? Let's dive deeper into its near-term challenges, its turnaround plans, and its valuations to decide.
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.
