DocuSign Analysts Boost Their Forecasts After Upbeat Q1 Results
Portfolio Pulse from Lisa Levin
DocuSign reported better-than-expected Q1 results with revenue of $661.39 million, a 12% YoY increase, and adjusted earnings of 72 cents per share. The company expects Q2 revenue between $675 million and $679 million and full-year revenue between $2.713 billion and $2.725 billion. UBS and Wedbush analysts raised their price targets on DocuSign.
June 09, 2023 | 2:27 pm
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POSITIVE IMPACT
DocuSign's better-than-expected Q1 results and raised price targets by UBS and Wedbush analysts may positively impact the stock in the short term.
DocuSign reported strong Q1 results, beating estimates on both revenue and earnings. The company also provided an upbeat outlook for Q2 and full-year revenue. This positive news, combined with raised price targets by UBS and Wedbush analysts, may lead to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100