Market News

DocuSign Stock Soars 8% on Earnings and Revenue Beat

Shares of DocuSign (NASDAQ:DOCU) soared over 14% in after-hours trading after the company reported earnings for its third quarter of Fiscal Year 2022. Adjusted earnings per share came in at $0.57, which beat analysts’ consensus estimate of $0.42 per share.

Sales increased by 18.3% year-over-year, with revenue hitting $645.5 million. This beat analysts’ expectations of $627.2 million.

Looking forward, management now expects revenue for Q4 2022 to be in the range of $637 million to $641 million. For reference, analysts were expecting $641.69 million in revenue.

Overall, Wall Street has a consensus price target of $59.86 on DOCU stock, implying 36.82% upside potential, as indicated by the graphic above.


Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More