Wall Street Analysts Adjust DocuSign Price Targets Before Quarterly Results

MarketDash Editorial Team
4 days ago
DocuSign reports third quarter earnings on December 4, with analysts expecting earnings of 91 cents per share and revenue of $807.42 million. Several top-rated Wall Street analysts have recently updated their price targets and ratings on the electronic signature company.

DocuSign, Inc. (DOCU) is set to report third quarter earnings after the closing bell on Thursday, December 4, and Wall Street's most accurate forecasters have been busy recalibrating their expectations.

The San Francisco-based company is expected to post quarterly earnings of 91 cents per share, a modest uptick from 90 cents per share in the same period last year. Analysts are projecting revenue of $807.42 million, representing growth from $754.82 million a year earlier.

Before the earnings release, several high-accuracy analysts have weighed in with updated ratings and price targets. Here's what the top forecasters are saying:

UBS analyst Karl Keirstead, who boasts a 74% accuracy rate, maintained a Neutral rating on September 5 while raising his price target from $80 to $85. Piper Sandler's Rob Owens, the highest-rated analyst in this group with a 78% accuracy rate, also kept a Neutral rating but lifted his target from $85 to $90 on the same day.

Citigroup analyst Tyler Radke stands as the most bullish voice, maintaining a Buy rating and increasing his price target from $115 to $120 on September 5. Radke carries a 68% accuracy rate.

Morgan Stanley's Josh Baer maintained an Equal-Weight rating while bumping his price target from $86 to $90 on September 8. This analyst has a 62% accuracy rate. Argus Research analyst Joseph Bonner, with a 72% accuracy rate, held steady with a Hold rating on the same date.

The consensus among these top-rated analysts leans neutral to cautiously optimistic, with price targets suggesting potential upside from the stock's recent trading levels.

On October 30, DocuSign announced a notable partnership that could influence its future growth trajectory. The company revealed plans to integrate its intelligent agreement management platform into ChatGPT through the Model Context Protocol, potentially expanding its reach and functionality.

Shares of DocuSign rose 2.6% to close at $70.62 on Wednesday, ahead of Thursday's earnings report.

Wall Street Analysts Adjust DocuSign Price Targets Before Quarterly Results

MarketDash Editorial Team
4 days ago
DocuSign reports third quarter earnings on December 4, with analysts expecting earnings of 91 cents per share and revenue of $807.42 million. Several top-rated Wall Street analysts have recently updated their price targets and ratings on the electronic signature company.

DocuSign, Inc. (DOCU) is set to report third quarter earnings after the closing bell on Thursday, December 4, and Wall Street's most accurate forecasters have been busy recalibrating their expectations.

The San Francisco-based company is expected to post quarterly earnings of 91 cents per share, a modest uptick from 90 cents per share in the same period last year. Analysts are projecting revenue of $807.42 million, representing growth from $754.82 million a year earlier.

Before the earnings release, several high-accuracy analysts have weighed in with updated ratings and price targets. Here's what the top forecasters are saying:

UBS analyst Karl Keirstead, who boasts a 74% accuracy rate, maintained a Neutral rating on September 5 while raising his price target from $80 to $85. Piper Sandler's Rob Owens, the highest-rated analyst in this group with a 78% accuracy rate, also kept a Neutral rating but lifted his target from $85 to $90 on the same day.

Citigroup analyst Tyler Radke stands as the most bullish voice, maintaining a Buy rating and increasing his price target from $115 to $120 on September 5. Radke carries a 68% accuracy rate.

Morgan Stanley's Josh Baer maintained an Equal-Weight rating while bumping his price target from $86 to $90 on September 8. This analyst has a 62% accuracy rate. Argus Research analyst Joseph Bonner, with a 72% accuracy rate, held steady with a Hold rating on the same date.

The consensus among these top-rated analysts leans neutral to cautiously optimistic, with price targets suggesting potential upside from the stock's recent trading levels.

On October 30, DocuSign announced a notable partnership that could influence its future growth trajectory. The company revealed plans to integrate its intelligent agreement management platform into ChatGPT through the Model Context Protocol, potentially expanding its reach and functionality.

Shares of DocuSign rose 2.6% to close at $70.62 on Wednesday, ahead of Thursday's earnings report.

    Wall Street Analysts Adjust DocuSign Price Targets Before Quarterly Results - MarketDash News