#2 - DocuSign (NASDAQ:DOCU)
DocuSign (NASDAQ:DOCU) – Chances are you’ve used this company's services, but in many cases, you don't even realize you have. The e-signature and cloud-based document company had an initial public offering in April and has seen their stock rise 58 percent since. Investors have reason to be bullish on DocuSign because they are the kings of a nascent, but an increasingly viable industry. Investors are impressed by DocuSign’s scalability (their non-GAAP gross margin was 80% in the first quarter of 2018). Their year-over-year revenue is up 37 percent. They are adding customers both domestically and abroad including commercial and enterprise clients who typically sign long-term contracts. There’s even reason to believe that the market is in its infancy, meaning that this could truly be the tip of the iceberg. However, buying a stock that is up as much as DocuSign has risen should be a warning sign. Their IPO went very well, but the frequent pattern with IPOs is a correction once the initial bounce occurs and DocuSign’s stock has still not had that correction event.
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)
