#7 - DocuSign (NASDAQ:DOCU)
DocuSign (NASDAQ:DOCU) is a stock that was on my radar long before the pandemic. The company is best known for its e-signature platform. But that is only one aspect of this technology company that is a strategic play on the cloud. DocuSign sells its products via a Software-as-a-Service (SaaS) model which makes its revenue extremely sticky.
What I appreciated about the company from the first time I was introduced to it is the “it’s about time” characteristic. The current crop of graduates is part of a generation that is comfortable with e-commerce and they’re becoming comfortable executing even the most complex of transactions from their smartphone.
Just as the pandemic has highlighted the convenience of e-commerce, it’s also transformed the way many consumers think of the value of their time. If they can sign documents electronically, they will.
And while that may be an argument for a cybersecurity stock, it’s also a reason to buy DOCU stock. The company’s business model makes sense for a paperless, and increasingly contactless, world.
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
- $83.03
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 7 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $65.80 (20.8% Downside)
In many ways, the advice today’s graduates will receive hasn’t changed from years gone by. Embrace change. Take calculated risks. Invest in yourself. And as this generation becomes the next generation of investors those are the same characteristics they should look for when they consider companies to invest in.
While the pandemic has popularized a category of low-priced “meme stocks,” investors are beginning to realize that price and value are two separate things. There’s no shortcut to building your personal wealth. And there’s no shortcut for building wealth in your portfolio.
The stocks in this presentation are not pre-revenue companies and all of them are profitable. While they shouldn’t comprise the whole of an investor’s portfolio, they do illustrate the concept of anchoring a portfolio with high-quality stocks. These stocks present low risk and high reward. These stocks won’t necessarily be the ones they brag about to their new colleagues, but they’re the ones that will keep them sleeping well at night.
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