Here is Why DocuSign (DOCU) Appears Attractive

DocuSign Inc (NASDAQ:DOCU) is one of the best large cap stocks under $100 with huge upside potential.

As of the close of play on January 23, DocuSign Inc (NASDAQ:DOCU) had received coverage from 16 analysts. The stock had been assigned 3 Buy ratings and received 13 Hold calls. With no Sell rating, it carries a median 1-year price target of $80.23, offering almost 40% upside potential from the prevailing level.

On January 13, Citizens analyst Patrick Walravens reaffirmed his bullish views on DocuSign Inc (NASDAQ:DOCU), assigning a Market Outperform rating to the stock. The analyst set a $124.00 price target, implying an upside of almost 116%. His forecast is based on strong fundamental drivers that led him to describe the company as “an excellent opportunity for capital appreciation.”

Walravens noted the company’s 1.7 million customer-base, impressive brand recognition, and strong customer satisfaction across its e-signature franchise. He also highlighted how the company maintains a good balance between e-signature and contract lifecycle management operations, regarding its $50 billion total addressable market.

He also described the company’s Identity and Access Management (IAM) product cycle to be a “compelling long-term opportunity.” This statement is based on the segment’s roughly 150 million opted-in customer agreements, which will prove to be a major growth driver of subscription revenues in the coming quarter.

DocuSign Inc (NASDAQ:DOCU) delivers electronic signature solutions across the globe, which has resulted in the transformation of agreement workflows. It has curtailed documentation processing time through digitization and automation. The company also offers contract lifecycle management services and AI-enabled analytics for its worldwide users.

While we acknowledge the potential of DOCU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 15 Most Promising Mid-Cap Healthcare Stocks Under $50 and 11 Most Promising Small-Cap Industrial Stocks Under $50.

Disclosure: None. This article is originally published at Insider Monkey.