RBC Capital analyst Rishi Jaluria lowered the firm’s price target on DocuSign to $52 from $59 and keeps a Sector Perform rating on the shares. The company’s Q1 results topped expectations, but its subscription revenue and billings guidance was raised by less than the beat, the analyst tells investors in a research note. The quarter was fine but below high expectations and likely tempers the case for near-term re-acceleration, RBC added.
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