Docusign stock price market watchers attribute this to

Market watchers attribute this to sector-wide fintech adjustments and growing demand for remote agreement solutions. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Shares of e-signature and digital agreement management software provider DocuSign (DOCU) plunged 12.2% on Tuesday after ChatGPT maker OpenAI ( PC:OPAIQ ) unveiled its new product called DocuGPT. The arrival of an AI-powered document management tool sparked concerns about growing competition for DocuSign, triggering panic among investors. At $54.15, DocuSign stock price shows steady accumulation, hinting at buyer interest ahead of expected product updates. Bullish investors are eyeing short-term resistance levels at $55.