DocuSign price target raised to $59 from $55 at Baird

Baird analyst William Power raised the firm’s price target on DocuSign to $59 from $55 and keeps a Neutral rating on the shares. The firm said they reported slight upside to FQ2 revenue, operating margins and billings, with full-year revenue guidance raised by more than the FQ2 beat. Importantly, the company noted increasing deal counts and bookings month-over-month, with August being larger than June and July combined on those fronts.