On Dec 07, major Wall Street analysts update their ratings for $DocuSign (DOCU.US)$, with price targets ranging from $70 to $115.
BofA Securities analyst Bradley Sills maintains with a hold rating.
UBS analyst Karl Keirstead maintains with a hold rating, and adjusts the target price from $60 to $100.
Wells Fargo analyst Michael Turrin maintains with a sell rating, and adjusts the target price from $50 to $70.
Jefferies analyst Brent Thill maintains with a buy rating, and adjusts the target price from $95 to $115.
Evercore analyst Kirk Materne maintains with a hold rating, and adjusts the target price from $60 to $100.
Furthermore, according to the comprehensive report, the opinions of $DocuSign (DOCU.US)$'s main analysts recently are as follows:
DocuSign is successfully implementing its strategic plan, evidenced by 'several encouraging trends' that contributed to outperformance in the third quarter and surpassed expectations for fourth-quarter billings. Fundamentally, metrics and commentary indicated stabilization or improvement. However, significant share outperformance and stock prices in the mid-$90s after hours indicate that a positive future trajectory is already accounted for in the current share prices.
DocuSign showed a stronger performance after two quarters of mixed results, emphasizing this quarter with a notable billings surplus and the CEO expressing confidence in a return to over 10% growth. It was reported that the core business is stabilizing, with improvements noted in the operating environment, and previous concerns about 'deal timing' and challenging economic conditions were no longer mentioned.
DocuSign delivered a very strong Q3 showing a 'beat-and-raise' performance across all areas, which included a notable increase in billings and a re-acceleration of subscription revenue. The various growth signals from the company continue to inspire confidence.
DocuSign reported a strong quarter that surpassed expectations, marked by an acceleration in billings. Though there is improvement in the core business, the potential for significant acceleration depends on the development of DocuSign's IAM platform, which is still in its early stages.
DocuSign reported results that were notably strong, highlighted by billings that exceeded expectations as renewals stabilized and volumes improved.
Here are the latest investment ratings and price targets for $DocuSign (DOCU.US)$ from 9 analysts:
Note:
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