DOCU - DocuSign Investors Just Got Some Bullish News
2024-06-07 08:51:00 ET
DocuSign (NASDAQ: DOCU) was a darling of the market during and in the year following the onset of COVID. But with the pandemic catalyst fading in the rearview mirror now, DocuSign could certainly use some bullish news.
Investors know full well that the company has to compete with the e-signature offerings of tech giants, particularly Microsoft 's SharePoint eSignature and Adobe 's Acrobat Sign. Perhaps if DocuSign can effectively integrate artificial intelligence (AI) into its products -- and if the company can get some help from an AI specialist business -- the stock might finally show some signs of life in 2024.
After a sharp pandemic-fueled rally through August of 2021, DocuSign stock dropped like a rock along with many other tech stocks at that time. However, whereas large-cap tech stocks generally rebounded in 2023 and the first half of 2024, DocuSign shares have been stuck in a frustrating range.
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DocuSign Investors Just Got Some Bullish News