Morgan Stanley Upgrades DocuSign to Equal-Weight, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Josh Baer has upgraded DocuSign (NASDAQ:DOCU) from Underweight to Equal-Weight and increased the price target from $49 to $64.
January 16, 2024 | 11:25 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
DocuSign's stock rating has been upgraded by Morgan Stanley from Underweight to Equal-Weight, with a price target increase from $49 to $64.
Upgrades by major analysts like Morgan Stanley can lead to increased investor confidence and a potential short-term rise in the stock price. The increase in the price target further supports a positive outlook for DocuSign, suggesting that the stock may be undervalued at its previous levels.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100