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Barchart
Mark R. Hake, CFA

DocuSign Generates Solid Results and Free Cash Flow - DOCU Stock Looks Cheap

DocuSign, Inc. (DOCU) reported that it generated solid results in Q2 last week. This included a 7.8% higher free cash flow YoY based on its consistent subscription revenue. As a result, DOCU stock could be worth up to 40% more at $80 per share.

In Monday midday trading on Sept. 9, DOCU is trading at $56.75, down 4.1% from its peak on Friday at $59.19. Value investors are looking at the stock closely given how strong its results were last week.

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