tiprankstipranks
DocuSign price target raised to $55 from $50 at Piper Sandler
The Fly

DocuSign price target raised to $55 from $50 at Piper Sandler

Piper Sandler analyst Rob Owens raised the firm’s price target on DocuSign to $55 from $50 and keeps a Neutral rating on the shares. The analyst continues to see multiple opportunities across his software universe, saying valuations appear "relatively de-risked and underlying trends prove resilient." However, he believes there is still more bad news to come, especially on the economic front. As such, 2023 "potentially sets up as a stock picker’s year," Owens tells investors in a research note. His top five ideas include Okta (OKTA), Palo Alto (PANW), Crowdstrike (CRWD), ServiceNow (NOW) and CyberArk (CYBR).

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on DOCU:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles