Deutsche Bank Boosts Docusign (DOCU) Price Target to $50.00

Share on StockTwits

Docusign (NASDAQ:DOCU) had its price target boosted by stock analysts at Deutsche Bank from $45.00 to $50.00 in a report released on Friday, June 8th. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective indicates a potential downside of 13.12% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Citigroup upped their price target on shares of Docusign from $59.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, June 8th. JMP Securities upped their price target on shares of Docusign from $52.00 to $63.00 and gave the stock a “market outperform” rating in a research report on Friday, June 8th. Piper Jaffray Companies began coverage on shares of Docusign in a report on Tuesday, May 22nd. They issued an “overweight” rating and a $52.00 price objective for the company. William Blair began coverage on shares of Docusign in a report on Tuesday, May 22nd. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Docusign in a report on Tuesday, May 22nd. They issued an “overweight” rating and a $53.00 price objective for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Docusign presently has a consensus rating of “Buy” and an average target price of $58.63.

Docusign opened at $57.55 on Friday, according to MarketBeat. Docusign has a twelve month low of $37.00 and a twelve month high of $66.80.

Docusign (NASDAQ:DOCU) last released its quarterly earnings results on Thursday, June 7th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.14. The company had revenue of $155.81 million for the quarter, compared to analyst estimates of $145.87 million. The business’s revenue was up 37.3% on a year-over-year basis. equities research analysts expect that Docusign will post -2.29 earnings per share for the current fiscal year.

In other Docusign news, major shareholder Ignition Gp Ii, Llc sold 784,843 shares of the stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $29.00, for a total value of $22,760,447.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith J. Krach sold 165,026 shares of the stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $29.00, for a total transaction of $4,785,754.00. The disclosure for this sale can be found here.

About Docusign

There is no company description available for Docusign Inc

Analyst Recommendations for Docusign (NASDAQ:DOCU)

Receive News & Ratings for Docusign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Docusign and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply