Where DocuSign Stands With Analysts
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 4 analysts have published their opinions on DocuSign (NASDAQ:DOCU), with 1 bullish, 1 indifferent, and 2 somewhat bearish ratings. The average 12-month price target for DOCU is $55.00, with a high of $87.00 and a low of $42.00, representing a 16.67% decrease from the previous target of $66.00. Analysts use various methods, including company data and insider conversations, to predict stock performance.
December 08, 2023 | 2:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
DocuSign received mixed analyst ratings with a downward revision in the average price target to $55, indicating potential pressure on the stock price.
The reduction in the average price target suggests that analysts see less upside potential for DocuSign's stock, which could lead to a negative short-term impact on its price. The mixed ratings indicate uncertainty and lack of consensus among analysts, which can also contribute to volatility or bearish sentiment in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100