Why Docusign's Stock Is Trading Higher Today

Docusign Inc DOCU shares are trading higher on Thursday.

RBC Capital maintained an Outperform rating and raised its price target from $85 to $150. Citigroup maintained a Buy and also raised its price target from $85 to $150.

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.

Docusign shares were trading up 3.63% to $133.45 at time of publication on Thursday. The stock has a 52-week high of $136.29 and a 52-week low of $43.13.