Citi sees a “mixed set-up” for DocuSign, stating that the firm spoke with two partners whose companies did not meet expectations for Q4 and are estimating roughly flat growth for FY25. Though channel checks were “more cautious” and growth inputs “remain soft,” the firm believes near-term numbers “look achievable, with more upside potential on margins post a third restructuring,” added the analyst, who keeps a Buy rating and $90 price target on DocuSign shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DOCU:
- Options Volatility and Implied Earnings Moves This Week, March 04 – March 07, 2024
- DocuSign price target lowered to $60 from $68 at BofA
- DocuSign Signals Upbeat Financial Outlook Amid Restructuring
- DocuSign Restructuring Plan Cuts Workforce, Costs Millions
- DocuSign (NASDAQ:DOCU) Plummets on Restructuring Plan
