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Fool.com contributor Parkev Tatevosian highlights one growth stock that has sold off significantly from its high-water mark. Parkev thinks this growth stock would make an excellent addition to long-term investor portfolios in 2024.

*Stock prices used were the afternoon prices of Dec. 20, 2023. The video was published on Dec. 22, 2023.

Should you invest $1,000 in DocuSign right now?

Before you buy stock in DocuSign, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and DocuSign wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.

See the 10 stocks

 

*Stock Advisor returns as of December 18, 2023

 

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends DocuSign. The Motley Fool recommends the following options: long January 2024 $60 calls on DocuSign. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

1 Spectacular Growth Stock Down 80% to Buy Hand Over Fist for 2024 was originally published by The Motley Fool

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