Is it Finally Time to Bet on DocuSign (DOCU)?

June 6, 2024

LikeFolio data suggests it might be, thanks to improvements in AI, international growth, and a coiled spring of long-term demand.

One of the key drivers for this optimism is AI adoption. DocuSign recently acquired Seattle-based AI contract management company Lexion for $165 million. This acquisition will integrate Lexion's technology into DocuSign's Intelligent Agreement Management Platform, enhancing its capabilities to manage documents and constracts across various departments (legal, sales, IT, finance, etc) and driving innovation.

Positive trends in digital traffic suggest momentum.

LikeFolio data shows web visits up by 6% YoY, an improvement from last quarter's 3% increase.

GoogleTrends also indicates positive traction. DocuSign continues to dominate the e-signature landscape, outperforming competitors like Adobe Sign.

Another potential long-term catalyst is...

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