DocuSign price target raised to $87 from $86 at Citi

Citi analyst Tyler Radke raised the firm’s price target on DocuSign to $87 from $86 and keeps a Buy rating on the shares following the Q2 report. A small billings beat but a larger revenue and profitability beat offered more signs of validation that Docusign continues to stabilize growth and find incremental efficiency, the analyst tells investors in a research note. The firm remains encouraged by DocuSign’s “various growth signals.”