RBC Capital Remains a Hold on DocuSign (DOCU)

RBC Capital analyst Rishi Jaluria maintained a Hold rating on DocuSign (DOCUResearch Report) on November 28 and set a price target of $45.00. The company’s shares closed yesterday at $47.07.

According to TipRanks, Jaluria is an analyst with an average return of -2.8% and a 41.75% success rate. Jaluria covers the Technology sector, focusing on stocks such as Guidewire, Salesforce, and DocuSign.

The word on The Street in general, suggests a Hold analyst consensus rating for DocuSign with a $63.31 average price target, a 34.50% upside from current levels. In a report released yesterday, Jefferies also initiated coverage with a Hold rating on the stock with a $50.00 price target.

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The company has a one-year high of $249.64 and a one-year low of $39.57. Currently, DocuSign has an average volume of 5.25M.

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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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