2024-02-07 16:42:44 ET
Summary
- DocuSign, Inc. surprised the market by remaining an independent company after failed buyout negotiations.
- The company has the ongoing opportunity to expand into agreement management and increase spending from current customers, but revenue growth could dip to only 5%.
- DocuSign's stock is cheap at 4x FY25 sales targets after falling back to $50 on the failed deal.
After months of speculation, DocuSign, Inc. ( DOCU ) surprised the market with plans for a restructuring and a new path as an independent company. The e-signature company was unable to come to terms on a buyout price likely due to the low valuation heading into the deal negotiations. My investment thesis is ultra Bullish on the stock following a likely dip back into the $40s....
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DocuSign: Buy Weakness On Failed Buyout