DOCU - DocuSign: Expand Into Contract Lifecycle; Normalized Billing Growth; Initiate With 'Buy'
2024-03-08 20:39:11 ET
Summary
- DocuSign experienced explosive growth during the pandemic but is now facing competition in the e-signature market.
- The company is expanding its product offerings beyond e-signature, including Contract Lifecycle Management and notary services.
- DocuSign's billing growth is strong and indicates the normalization of enterprise spending, with a positive outlook for FY25.
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DocuSign: Expand Into Contract Lifecycle; Normalized Billing Growth; Initiate With 'Buy'