DocuSign would fit better as part of broader platform, says Jefferies

Commenting on The Wall Street Journal’s report that DocuSign is working with advisers to explore a sale, Jefferies said that though the company has made progress building out its suite, the firm believes it would fit better long-term as part of a broader platform. The firm, which thinks DocuSign could attract interest from strategic and financial players, keeps a Buy rating and $80 price target on the shares.