Wells Fargo Maintains Underweight on DocuSign, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin maintains an Underweight rating on DocuSign (NASDAQ:DOCU) and lowers the price target from $55 to $45.
February 05, 2024 | 7:10 pm
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Wells Fargo analyst Michael Turrin maintains an Underweight rating on DocuSign and lowers the price target from $55 to $45.
The reduction in price target by a significant financial institution like Wells Fargo, especially with an Underweight rating, suggests a bearish outlook on DocuSign's stock. This could lead to a decrease in investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100