The market is worried that the major boost from the shift to work-from-home is over, and Docu. Sign’s growth will slow down materially.
Is DocuSign stock over or undervalued?
Analysts expect that Docu. Sign will report earnings of $2.15 per share in the current fiscal year, so the stock is trading at 34 forward P/E. The company’s valuation has dramatically decreased in recent months as Docu. Sign stock declined from the highs near $315 that were reached back in September 2021 to the $73 level.
, while docu Sign has made great strides in past years, the company poses several inherent risks to investors. At the outset, the company has not generated a positive GAAP net income despite providing us with positive adjusted (Non-GAAP) earnings.
Is DocuSign’s growth slowing?
Springer also noted that although Docu. Sign’s growth was slowing, the long-term trend toward digitalization remained intact. “As we head into fiscal 2023, digital transformation and the need to agree from anywhere remains a high priority for organizations across the globe,” Springer said.
Will DocuSign’s revenue grow 20% from 2021 to 2030?
, if docu Sign can maintain just 15% of the market in 2030, the company would generate an annual revenue of $9.3 billion, translating to an average annualized growth of 20% from 2021. We are still in the early innings of what is a massive secular growth trend, and Docu. Sign is well-positioned to lead the way.
, yet docu Sign’s adjusted earnings per share increased 30% to $0.48, which was slightly above Wall Street’s estimates. Additionally, its operating and free cash flow jumped 41% and 60%, respectively, to $87.8 million and $70.3 million.
Pandemic-driven demand led to strong financial performance in recent years for the e-signature juggernaut. Over the past three years, Docu. Sign enjoyed a revenue CAGR of 41%. In its most recent quarter, the company’s top-line and non-GAAP (generally accepted accounting principles) earnings per share grew 42% and 164% up to $545. 5 million and $0.
Is DocuSign a buy on Baystreet?
, ca docu Sign has received a consensus rating of Hold. The company’s average rating score is 2.47, and is based on 9 buy ratings, 7 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $248.56, Docu. Sign has a forecasted upside of 95.7% from its current price of $126.99.