DOCU - Will the Markets Sign Off on a Comeback in DocuSign Stock?
2024-05-18 11:17:00 ET
DocuSign (NASDAQ: DOCU) was a darling during the pandemic. It was well-positioned to facilitate online document administration when people could not meet in person.
As life returned to normal, growth slowed and the stock fell hard. It lost 80% of its value and remains in a bear market more than a year after the bear market ended in other tech stocks.
Nonetheless, DocuSign's growth has not stopped completely, and it hopes to build a competitive advantage by focusing on contract lifecycle management. The question for investors is whether that is enough for buyers to return to this one-time highflier.
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Will the Markets Sign Off on a Comeback in DocuSign Stock?