Trying to determine the value of this stock and I tend to be bullish on this company. After the private equity buyout last year failed to materialize, it seems that DocuSign is pivoting from its bread and butter (e signature) by aquiring Lexion (ai contract software) earlier this year. Even though the sale fell through it did get a baseline price of what the company could be worth for future suitors.
Without that acquisition I was neutral on the company as it is a very competitive market although DocuSign does have the brand recognition, I felt other companies like adobe etc could replicate this software with ease.
I use adobe e signature at work and honestly it is so bad. I am unfamiliar with other competitors and have used DocuSign in the past for my mortgage and it was a breeze.
With the acquisition they seem to be venturing more into making workflow of contracts easier on top of the one trick pony e signature.
I don’t have enough knowledge of contract software to know how much different it is to simple e signatures. Like for example getting sushi at a gas station difference or is this something they could integrate easily and become competitive in that market. Honestly I don’t even know who the best contract software company is right now.
We all know the Covid boom really took this companies stock on a rollercoaster but what it did in the positive is brand name recognition. How much value that has idk.
The metrics of this company seem to be going in a positive direction and they have consistently been building their user base, cash flow and profits.
Any thoughts on DOCU?
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