Docusign Inc DOCU shares are trading higher by 3.6% at $241.74 Monday morning on continued strength after the company last week reported better-than-expected first-quarter EPS and sales results. The company also issued second-quarter and FY22 sales guidance above estimates.
Following the earnings report, Citigroup maintained DocuSign with a Buy and raised the price target from $282 to $288. Morgan Stanley maintained an Overweight rating and raised the price target from $290 to $295.
DocuSign provides cloud-based software in the United States and internationally. DocuSign provides an e-signature solution that enables businesses to digitally prepare, sign, act on and manage agreements. It also offers CLM, which automates workflows across the entire agreement process.
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