Docusign is still recovering from its post-pandemic slump, but it's been building momentum again lately with help from its AI offerings.
Docusign ( DOCU 1.83% ) stock was a pandemic darling. Its stock price peaked at around $310 in 2021, a tenfold gain from its 2018 IPO price of $29. Lockdowns and social restrictions triggered by COVID-19 drove explosive demand for the company's digital contract management tools, which helped businesses close deals even when participants could not meet face to face.
But Docusign's growth slowed dramatically when social conditions returned to normal in 2022, which led to a sharp decline in its stock. Despite climbing by 40% over the past year, it remains 74% below its 2021 peak.
Fortunately for shareholders, the company's recovery looks set to con