DocuSign: Buy Weakness On Failed Buyout
DocuSign(DOCU) Seeking Alpha·2024-02-08 05:42
Bloomberg/Bloomberg via Getty Images After months of speculation, DocuSign, Inc. (NASDAQ:DOCU) surprised the market with plans for a restructuring and a new path as an independent company. The e-signature company was unable to come to terms on a buyout price likely due to the low valuation heading into the deal negotiations. My investment thesis is ultra Bullish on the stock following a likely dip back into the $40s. Source: Finviz No Deal The key narrative to a buyout is understanding that DocuSign came pu ...