DocuSign, Inc. is a strong buy due to its impressive growth, AI contract management innovations, and consistent earnings beats, with a 100% hit rate over the last 8 quarters. New leadership and strategic partnerships, such as with Legitify, are expected to drive further growth and market expansion, particularly in Europe and real estate. Despite strong performance and growth potential, DocuSign's forward GAAP P/E is significantly below the sector median, suggesting substantial upside potential if the market revalues the stock at the sector median.
DOCU's third-quarter fiscal 2025 earnings and revenues are likely to increase year over year.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for DocuSign (DOCU), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2024.
DocuSign stock price will be in the spotlight this week as the company publishes its quarterly financials. These numbers will come at a time when the DOCU share price was hovering near its highest level since June 2022.
DocuSign (DOCU) reachead $85.30 at the closing of the latest trading day, reflecting a -0.25% change compared to its last close.
DocuSign's stock surged 59% since July 2024, driven by the launch of its Intelligent Agreement Management ('IAM') platform and strong revenue growth. The IAM platform, initially launched in the US, Canada, and Australia, shows significant potential, with plans for broader rollout and international expansion. Direct customer growth rose 12% year-over-year, with large customers spending over $300,000 annually, indicating strong market resonance and future growth potential.
With DOCU shares witnessing a substantial surge, it's crucial to evaluate the stock's current position and its investment appeal.
Zacks.com users have recently been watching DocuSign (DOCU) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The Investment Committee give you their top stocks to watch for the second half.
DOCU is experiencing a rise in customer demand for eSignature and benefiting from adopting a subscription model.
In the most recent trading session, DocuSign (DOCU) closed at $81.81, indicating a -0.8% shift from the previous trading day.
In the most recent trading session, DocuSign (DOCU) closed at $76.47, indicating a +1.27% shift from the previous trading day.