DOCU - DocuSign: Not Convinced That A Growth Inflection Is Anywhere Near
2024-04-11 18:16:06 ET
Summary
- DocuSign's growth is expected to be in the mid-single digits in FY25, lagging behind peers like Adobe.
- Recent growth acceleration is likely inflated due to one-time factors and pulled-forward demand.
- The stock trades at a discount to Adobe, reflecting DocuSign's slower growth trajectory.