Wells Fargo Maintains Equal-Weight on DocuSign, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin has maintained an Equal-Weight rating on DocuSign (NASDAQ:DOCU) and lowered the price target from $60 to $55.
September 08, 2023 | 1:46 pm
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Wells Fargo has maintained an Equal-Weight rating on DocuSign and lowered the price target from $60 to $55.
The lowering of the price target by Wells Fargo could potentially lead to a decrease in the stock price of DocuSign in the short term. This is because the new price target is a signal to investors that the stock may be overvalued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100