Analysts Offer Mix of Ratings and Price Targets for DocuSign
Learn about the recent analyst ratings for DocuSign, with a mix of bullish and bearish perspectives. Analysts have set an average 12-month price target of $69.38, with a high estimate of $93.00 and a low estimate of $48.00. Discover how analysts from firms like Citigroup, RBC Capital, UBS, and Baird have adjusted their ratings and price targets, offering valuable insights into the current state of DocuSign.
DocuSign to Lay Off 6% of Workforce in Restructuring Plan
DocuSign announces a restructuring plan, including laying off 6% of its workforce, in an effort to enhance financial and operational efficiency. The majority of impacted employees will come from sales and marketing departments. The announcement led to a more than 6% drop in DocuSign’s shares. The company aims to meet or exceed its fourth-quarter and fiscal-2024 guidance and will share further details about the restructuring plan when fourth-quarter results are released.
Private-Equity Firms Compete to Acquire DocuSign Inc.
DocuSign Inc.’s stock surged 10% late Thursday following a report that private-equity firms Bain Capital and Hellman & Friedman are competing to acquire the provider of online-signature services. The firms are among the final bidders for DocuSign, according to a…