Yahoo Finance DocuSign (DOCU) in Focus: Stock Moves 6.7% Higher
DocuSign, Inc. DOCU was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 36.8% in the past one-month time frame.
The upmove came after the stock received an analyst upgrade and a significant increase in target price.
The company has seen four negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
DocuSign currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
DocuSign Inc. Price
DocuSign Inc. price | DocuSign Inc. Quote
Another stock worth considering in the Technology Services industry is Boxlight Corporation BOXL which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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