11.09.2024 10:57:00

1 Growth Stock Down 81% to Buy Hand Over Fist During the S&P 500 Sell-Off

Docusign (NASDAQ: DOCU) has built an entire portfolio of digital document software to handle every stage of the agreement lifecycle, from contract drafting to final signatures. Its platform was a hit during the pandemic because it helped businesses close deals even though their employees couldn't physically meet.As a result, Docusign stock soared from $80 to $310 between March 2020 and September 2021. Unfortunately, the stock has since plunged 81% from that record high, as social conditions are back to normal and Docusign's products are no longer generating the same lightning-fast growth they once were.With that said, the company has made promising changes to adapt to its new market environment, including a focus on profitability and a pivot toward artificial intelligence (AI), which is enhancing its products even further.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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