CRM - DocuSign: $50 Billion TAM? I Believe It

2024-06-06 07:46:30 ET

Summary

• DocuSign is projected to make $3.24/share FY 2025, which would be a 16x FWD multiple for a growing, important software company.
• DOCU stock carries no long-term debt, which is a huge plus in this high rate environment.
• The company faces competition from Adobe and others, but the projected TAM for the e-signature market is large enough for many players to succeed.

A new buy

DocuSign ( DOCU ) is a new buy of mine and a product I use quite frequently. Having been involved in a family-owned Real Estate brokerage for several years as one of my various professions, DocuSign has become an essential component. If you don't have it, good luck having a buyer or seller tolerate frequent visits and faxes that occur with the high contract volume required in a Real Estate transaction....

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