Morgan Stanley Reiterates Underweight on DocuSign, Maintains $49 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Josh Baer has reiterated an 'Underweight' rating on DocuSign (NASDAQ:DOCU) and maintained a price target of $49.
June 28, 2023 | 12:04 pm
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Morgan Stanley has reiterated an 'Underweight' rating on DocuSign, indicating a negative outlook for the stock. The price target remains at $49.
The 'Underweight' rating from Morgan Stanley suggests that they expect DocuSign's stock to underperform compared to other stocks in the market. This could lead to a decrease in the stock's price in the short term. The maintained price target of $49 also indicates that the analyst does not foresee significant growth in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100