Piper Sandler Maintains Neutral on DocuSign, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Rob Owens has maintained a Neutral rating on DocuSign (NASDAQ:DOCU) but has reduced the price target from $57 to $50.
December 08, 2023 | 8:46 pm
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NEGATIVE IMPACT
Piper Sandler has maintained a Neutral rating on DocuSign but lowered the price target from $57 to $50, indicating a potential downside compared to the previous target.
The reduction in price target by Piper Sandler suggests that the analyst sees less upside potential for DocuSign's stock price in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price as the market adjusts to the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100