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Business

Aditya Raghunath

Zoom Video vs. DocuSign: Which Tech Stock Is a Better Buy the Dip Candidate?

DocuSign Zoom Video DOCU Zoom United States ZM

The start of the COVID-19 pandemic saw tech stocks that enabled remote work gain massive traction. For example shares of Zoom Video (ZM) surged from $67 in January 2020 to $559 in October 2020. Comparatively, DocuSign's (DOCU) stock rose from $75 at the start of 2020 to a record high of $310 in September 2021.

However, the reopening of economies and relaxation of lockdown restrictions meant revenue for both Zoom Video and DocuSign decelerated at an alarming pace, resulting in a massive sell-off in their share prices.

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