DocuSign is a pioneer in the e-signature market. The company has a strong performance and is likely to remain a favourite among businesses, even after the pandemic’s effects are long gone.
DocuSign is a pioneer in electronic signatures. The company has revolutionised and improved the speed of many business processes by allowing individuals to approve, validate, and sign documents entirely online. The company has strong growth and keeps pumping new products on the market.
Here’s why you should consider investing in DocuSign.
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What Is DocuSign?
DocuSign is a leader in the e-signature market and provides analytics, document generation, and, most recently, notary services, among others.
Should I Buy DocuSign Today?
DocuSign’s progress was greatly accelerated by the pandemic. E-commerce mass adoption, remote working, and paperless, online transactions highlighted the need for a way of validating and managing online documents.
The total potential market for DocuSign is estimated at an impressive $50 billion. Yet, with annual revenue of only $1.45 billion, there is plenty of growth potential.
This is not the usual pandemic stock. The company was doing well before the pandemic hit, and e-signature services do not seem to be temporary trends. As competition becomes fiercer, DocuSign is pushing out several other products and services on the market, such as Remote Online Notarization (RON).
DocuSign Price Prediction 2021
Analysts are extremely bullish on this stock. There are no sell or hold ratings – only buy, with an average price target of $341.