DocuSign DOCU underwent analysis by 13 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 2 | 8 | 2 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 6 | 1 | 0 |
| 3M Ago | 0 | 1 | 1 | 1 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $66.62, a high estimate of $93.00, and a low estimate of $45.00. Marking an increase of 19.54%, the current average surpasses the previous average price target of $55.73.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of DocuSign among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Karl Keirstead | UBS | Raises | Neutral | $62.00 | $48.00 |
| Tyler Radke | Citigroup | Raises | Buy | $93.00 | $90.00 |
| William Power | Baird | Raises | Neutral | $65.00 | $50.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $84.00 | - |
| Rishi Jaluria | RBC Capital | Raises | Sector Perform | $59.00 | $50.00 |
| Daniel Ives | Wedbush | Raises | Neutral | $65.00 | $56.00 |
| Rob Owens | Piper Sandler | Raises | Neutral | $65.00 | $55.00 |
| Michael Turrin | Wells Fargo | Raises | Underweight | $48.00 | $45.00 |
| Brad Sills | B of A Securities | Raises | Neutral | $72.00 | $60.00 |
| Kirk Materne | Evercore ISI Group | Raises | In-Line | $60.00 | $55.00 |
| Michael Turrin | Wells Fargo | Lowers | Underweight | $45.00 | $55.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $84.00 | - |
| Josh Baer | Morgan Stanley | Raises | Equal-Weight | $64.00 | $49.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to DocuSign. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of DocuSign compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of DocuSign's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of DocuSign's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on DocuSign analyst ratings.
Unveiling the Story Behind 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.
Unraveling the Financial Story of DocuSign
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: DocuSign's remarkable performance in 3 months is evident. As of 31 January, 2024, the company achieved an impressive revenue growth rate of 8.01%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: DocuSign's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 3.82%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): DocuSign's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.6%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): DocuSign's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.86%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 0.13, DocuSign adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding the Relevance of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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