RBC Capital has decided to maintain its Outperform rating of DocuSign (NASDAQ:DOCU) and lower its price target from $85.00 to $80.00.
Shares of DocuSign are trading down 24.11% over the last 24 hours, at $66.30 per share.
A move to $80.00 would account for a 20.66% increase from the current share price.
About DocuSign
DocuSign offers the Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its IPO in May 2018.
About Analyst Ratings
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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
