December, 2

    Why DocuSign Shares Proceed To Slide At the moment

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    DocuSign Inc (NASDAQ: DOCU) shares are sliding Friday morning after a number of analysts downgraded or lowered value targets on the inventory. DocuSign shares have been falling after hours Thursday following the corporate’s monetary outcomes and weak steerage.

    DocuSign mentioned it expects first-quarter income to be between $579 million and $583 million versus the $594 million estimate. The corporate expects full fiscal yr 2023 income to be between $2.47 billion and $2.482 billion versus the $2.61 billion estimate.

    Analyst Evaluation:

    • Citigroup analyst Tyler Radke maintained DocuSign with a Purchase score and lowered the worth goal from $137 to $114.
    • Oppenheimer analyst Brian Schwartz downgraded DocuSign from Outperform to Carry out.
    • Wedbush analyst Daniel Ives maintained DocuSign with a Impartial score and lowered the worth goal from $200 to $80.
    • UBS analyst Karl Keirstead maintained DocuSign with a Impartial score and lowered the worth goal from $110 to $85.
    • RBC Capital analyst Rishi Jaluria maintained DocuSign with an Outperform score and lowered the worth goal from $220 to $95.
    • JMP Securities analyst Patrick Walravens maintained DocuSign with a Market Outperform score and lowered the worth goal from $307 to $180.
    • Baird analyst William Energy downgraded DocuSign from an Outperform score to a Impartial score and lowered the worth goal from $140 to $82.
    • Wells Fargo analyst Michael Turrin maintained DocuSign with an Equal-Weight score and lowered the worth goal from $180 to $80.
    • Wolfe Analysis analyst Alex Zukin maintained DocuSign with a Peer Carry out score and lowered the worth goal from $100 to $75.

    See Additionally: Why DocuSign Shares Are Falling After Hours

    Photograph: courtesy of DocuSign.

    Newest Rankings for DOCU

    Date Agency Motion From To
    Mar 2022 Wolfe Analysis Maintains Peer Carry out
    Mar 2022 Wells Fargo Maintains Equal-Weight
    Mar 2022 Baird Downgrades Outperform Impartial

    View Extra Analyst Rankings for DOCU

    View the Newest Analyst Rankings

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