Analyst ratings play a crucial role in guiding investors on making informed decisions about stocks. Recently, 13 analysts have shared their evaluations of DocuSign, offering a mix of bullish and bearish perspectives. The analysts have provided a range of ratings including Bullish, Somewhat Bullish, Indifferent, Somewhat Bearish, and Bearish, with a total of 2 Bullish ratings, 2 Somewhat Bullish ratings, 8 Indifferent ratings, 1 Somewhat Bearish rating, and 0 Bearish ratings in the recent 30 days.
Over the past three months, analysts have established 12-month price targets for DocuSign, with an average target of $69.38. The high estimate stands at $93.00, while the low estimate is $48.00. This average target has seen a 15.25% increase from the previous average price target of $60.20.
Delving into the specifics, analysts from various firms have taken actions such as maintaining, raising, or lowering their ratings and price targets for DocuSign. For instance, Tyler Radke from Citigroup lowered the rating to Buy with a current price target of $86.00 from the previous $93.00. On the other hand, Rishi Jaluria from RBC Capital maintained a Sector Perform rating with a price target of $59.00.
Other key insights from analyst actions include UBS raising their rating to Neutral with a price target of $62.00 from the previous $48.00, and Baird raising their rating to Neutral with a price target of $65.00 from $50.00. These adjustments reflect the changing market dynamics and company performance, providing valuable insights into the current state of DocuSign.
