DocuSign price target raised to $57 from $52 at RBC Capital

RBC Capital analyst Rishi Jaluria raised the firm’s price target on DocuSign to $57 from $52 but keeps a Sector Perform rating on the shares. The company reported decent Q2 results, marked by stable revenue growth and decent large customer net adds, but muted billings, the analyst tells investors in a research note. DocuSign’s FY25 guidance was mixed however, as revenue was raised well ahead of the Q2 beat and operating margins were “nicely raised”, but billings only inched up, the firm added.