In a report released today, Daniel Ives from Wedbush maintained a Hold rating on DocuSign (DOCU – Research Report), with a price target of $80.00. The company’s shares closed last Thursday at $93.88, close to its 52-week low of $90.90.
According to TipRanks.com, Ives is a top 100 analyst with an average return of 24.6% and a 63.5% success rate. Ives covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Palo Alto Networks, and CyberArk Software.
DocuSign has an analyst consensus of Moderate Buy, with a price target consensus of $140.38, a 47.9% upside from current levels. In a report issued on March 7, UBS also maintained a Hold rating on the stock with a $110.00 price target.
Based on DocuSign’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $545 million and GAAP net loss of $5.68 million. In comparison, last year the company earned revenue of $383 million and had a GAAP net loss of $58.49 million.
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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