#10 - DocuSign (NASDAQ:DOCU)
Like Zoom, DocuSign (NASDAQ:DOCU) is benefiting from the commitment of employers to have their employees work from anywhere. Yes, right now the idea of handling large quantities of paper documents seems a little unsafe. But the real catalyst for DocuSign is the reality that the only reason many transactions required a face-to-face meeting was to collect signatures.
Voila! Enter DocuSign. The technology was already seeded in the medical field as well as with realtors and mortgage companies. But now many other businesses will undoubtedly start using the technology as they realize it’s reliable and can be installed remotely so it fits the current, and future, environment.
DocuSign came into the coronavirus crisis in a position of strength. The company posted a strong revenue increase of 39% for its 2020 fiscal year that ended on January 31, 2020. DocuSign gets 95% of its revenue from subscriptions which is the kind of thing investors love.
The stock is up over 100% for the year and there is some concern that at some point the run will be over. But with many companies unlikely to go back to business as usual anytime soon, DocuSign should still have a nice long runway.
About DocuSign
DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.
Read More - Current Price
- $79.11
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 7 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $63.40 (19.9% Downside)
I understand that for many of you, the novel coronavirus is a tired story. I get it. It is for me too. My goal in creating this special presentation is not to persuade you towards any particular belief. It’s to help you make money. Because every market provides an opportunity to do that.
The simple fact remains there is going to be volatility in the market for the next few months regardless of the progression of the virus. Tensions are building again with China, peaceful protests are being juxtaposed (and perhaps contradicted) by rioters. It’s shaping up to be a long, hot summer and fall.
But history proves when stocks are at their most volatile, they can also be at their most profitable. There were many investors who fled the market in March and wished they had not. So instead of fighting the market, make sure you’re profiting from it. And looking at these stocks is a good way to do just that.
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