Wells Fargo analyst Michael Turrin maintained a Sell rating on DocuSign (DOCU – Research Report) yesterday and set a price target of $48.00. The company’s shares closed yesterday at $58.27.
According to TipRanks, Turrin is an analyst with an average return of -3.8% and a 47.73% success rate. Turrin covers the Technology sector, focusing on stocks such as Microsoft, HubSpot, and DocuSign.
The word on The Street in general, suggests a Hold analyst consensus rating for DocuSign with a $65.69 average price target, a 12.73% upside from current levels. In a report released on March 8, UBS also maintained a Sell rating on the stock with a $48.00 price target.
DOCU market cap is currently $11.97B and has a P/E ratio of 163.86.
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DocuSign (DOCU) Company Description:
Founded in 2003 and headquarterd in California, DocuSign, Inc. is a cloud-based electronic signature solutions name that helps companies and individuals to manage electronic agreements. The company automates manual, paper-based processes, allowing users to manage all aspects of documented business transactions including identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage.
Read More on DOCU:
- DocuSign ‘creeps higher on the activist watchlist,’ says Dealreporter
- DocuSign Boosts Executive Severance Benefits for Stability
- DocuSign price target raised to $65 from $50 at Baird
- DocuSign price target raised to $93 from $90 at Citi
- DocuSign Stock (NASDAQ:DOCU): All Signs Point to More Upside This Year
