DocuSign: An Antifragile Stock In Times Of Coronavirus

That said, high growth companies such as DocuSign rarely trade at cheap valuations, and you many times miss the boat if you wait for a cheaper valuation and the stock never comes down to your intended entry price. A good middle ground can be buying a small position at current prices and keeping some cash on the sidelines in case the stock becomes cheaper down the road.

From a fundamental perspective, success attracts the competition, and DocuSign will be facing rising competitive pressure in the near term. Adobe (ADBE) is a particularly relevant competitor to watch because it has the presence and the strategic resources to make big inroads in the sector.

Those risk factors being acknowledged, DocuSign looks like an interesting idea to consider. The company is well-positioned to continue doing well during a recession, and it also benefits from abundant growth prospects in the years ahead.

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Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in DOCU over the next 72 hours.

Disclaimer: I wrote this article myself, and it expresses my own ...

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