DocuSign: Sign Up Here
- DocuSign has fallen to near all-time lows as the growth rate slows following a few strong years with covid.
- The e-signature company continues to provide tepid guidance while constantly smashing estimates with the next test coming up for FQ1 on June 8.
- The stock is cheap at 21x FY25 EPS estimates that are likely conservative.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
As a covid beneficiary, DocuSign (NASDAQ:DOCU) growth is regularly diminished, yet the e-signature company continues to grow beyond the original surge. The company definitely faces a tough macro environment, but DocuSign continues to outperform while providing conservative guidance. My investment thesis remains Bullish on the document company due to the opportunity to expand the TAM into a smart agreement.
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