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
€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.
