RBC Capital Maintains Sector Perform on DocuSign, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Rishi Jaluria has maintained a Sector Perform rating on DocuSign (NASDAQ:DOCU) but has reduced the price target from $59 to $50.
December 08, 2023 | 4:20 pm
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NEGATIVE IMPACT
RBC Capital analyst Rishi Jaluria maintains a Sector Perform rating on DocuSign and lowers the price target from $59 to $50.
The reduction in price target by RBC Capital suggests a more conservative valuation of DocuSign, which could lead to a negative short-term sentiment among investors and potentially lower stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100