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DocuSign was upgraded to the Zacks Rank #1 list on September 11, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Founded in 2003 and headquartered in San Francisco, Docusign is a global provider of cloud-based software. The company’s Docusign Agreement Cloud is a cloud software suite that automates and connects the entire agreement process.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.22 to $3.45 per share. DOCU also boasts an average earnings surprise of 18.3%.
Earnings are expected to grow 15.8% for the current fiscal year, while revenue is projected to increase 6.5%.
Even more impressive, DOCU has gained in value over the past four weeks, up 7.9% compared to the S&P 500’s gain of 4.3%.
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, DocuSign could be just the stock to help your portfolio generate returns that could fund your retirement, your kids’ college tuition, or your short- and long-term savings goals.
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