J.P. Morgan analyst Sterling Auty maintained a Sell rating on DocuSign (DOCU – Research Report) on March 11 and set a price target of $94.00. The company’s shares closed last Friday at $75.01, close to its 52-week low of $71.00.
According to TipRanks.com, Auty is a 5-star analyst with an average return of 9.6% and a 54.6% success rate. Auty covers the Technology sector, focusing on stocks such as Tufin Software Technologies, Definitive Healthcare Corp, and Zoom Video Communications.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DocuSign with a $101.85 average price target.
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DocuSign’s market cap is currently $14.84B and has a P/E ratio of -211.24.
Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is neutral on the stock.
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Founded in 2003 and headquarterd in California, DocuSign, Inc. is a cloud-based electronic signature solutions name that helps companies and individuals to manage electronic agreements. The company automates manual, paper-based processes, allowing users to manage all aspects of documented business transactions including identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage.
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