HomeBest sites to buy DocuSign stock after it surges in value

Best sites to buy DocuSign stock after it surges in value

Last Friday, Docusign (NASDAQ: DOCU) flew up in value, and many investors have been trying to find the best places to buy DocuSign shares online. 

In light of this increased interest, we can help point you in the right direction. Below, our team of analysts have explained where to buy DOCU stock, listing our two top picks. In addition, further down the page, we have prodive a DOCU price prediction and explained why the stock is shooting up in value right now.

Where to buy DocuSign stock online

If you want to invest in DocuSign, the easiest service with which to achieve this goal is an online stockbroker. These are regulated and insured platforms that allow you to buy and sell stocks like DocuSign, and many also offer forex, commodities and cryptocurrencies.

Here are the two best platforms to get involved:

eToro

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Webull

Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.

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What is DocuSign?

Founded back in 2003 and headquartered in San Francisco, DocuSign is one of the world’s leading e-signature providers. With 1 million customers and hundreds of millions of users in more than 180 countries, it has established itself as a meaningful tech player.

Since its IPO on the NASDAQ in April 2018, DOCU has consistently grown at a steady pace. Now, with over 6,000 employees worldwide, it is set to take things to the next level.

Why is DocuSign’s share price on the up?

Thanks to excellent Q1 results. DocuSign’s revenue has risen by a substantial 58% year over year, and it now stands at an impressive $469 million. Moreover, its adjusted earnings per share is up by 267%, standing at $0.44. In fact, DOCU has far out-performed the analysts’ expectation.

And that is not all; the company continues to be a cash-generating powerhouse with operating cash flow rising by 129% to $136 million, while its free cash flow is up by 275% to $123 million.

Should I buy DOCU stock today?

If you are buying into the impressive Q1 results and the long-term macro story of the e-signature space, then possibly.

Just make sure you have conducted the necessary due diligence and technical research to ensure you are informed about your investment, and make sure not to rush into any impulsive decisions. When investing, patience is your best friend.

DOCU price prediction

As previously mentioned, the big institutions have severely underestimated DocuSign previously, though a revised median Wall Street DOCU price target of $275 is an impressive goal nonetheless.

DOCU will likely grow this year, though it is unlikely to be plain sailing, and no investment is ever guaranteed to provide returns, so make sure to hedge your portfolio appropriately.

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