HSBC Initiates Coverage On DocuSign with Reduce Rating, Announces Price Target of $42
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Stephen Bersey has initiated coverage on DocuSign (NASDAQ:DOCU) with a Reduce rating and a price target of $42.
September 15, 2023 | 9:32 am
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HSBC has initiated coverage on DocuSign with a Reduce rating and a price target of $42, which may negatively impact the stock's short-term performance.
The Reduce rating from HSBC indicates a negative outlook for DocuSign. The price target of $42, if significantly lower than the current trading price, could lead to a sell-off as investors adjust their expectations. This could negatively impact the stock's short-term performance.
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