DocuSign: Looking For Unloved Stocks
- DocuSign is very unloved by Wall St. analysts with only 5 of 21 analysts having a Buy rating.
- The digital signature company continues to produce strong growth, though billings guidance continues to weaken.
- The stock trades below pre-covid levels despite a substantially larger revenue base providing an appealing entry point for a digital contract future.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
DocuSign (NASDAQ:DOCU) was a poster child for the covid excesses where business lockdowns necessitated a shift into their digital signature product offerings. The stock has fallen from a high over $300 to a low below $50 making DocuSign a very hated stock here. My investment thesis is Bullish on the stock following the collapse and the lack of market interest in a technology industry leader.
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