DOCU has 38% market share in the e sign space, well ahead of ADBE (which just raised prices on its Document Cloud which contains its e sign offering).
This is good news for DOCU and suggests pricing power in this space.
DOCU’s real opportunity lies in the “System of Agreement” whereby it will digitalise the enterprise documentation process.
The industry is projected to grow by 34% CAGR for 4-5 years so DOCU should at least be able to match this growth rate.
The stock tanked in the recent stock market wobble, so I invested near the lows. I think this business will do fine over the next few years.