These Analysts Increase Their Forecasts On DocuSign After Upbeat Results
Portfolio Pulse from Avi Kapoor
DocuSign Inc (NASDAQ:DOCU) reported better-than-expected Q4 financial results, with revenue increasing 8% year-over-year to $712.4 million, surpassing the consensus estimate. Earnings were 76 cents per share, beating estimates of 64 cents. The company forecasts Q1 revenue of $704 million to $708 million and FY 2025 revenue between $2.915 billion and $2.927 billion, both above estimates. Following the report, analysts from Evercore ISI Group, B of A Securities, Wells Fargo, and Piper Sandler adjusted their price targets on DocuSign.
March 08, 2024 | 1:06 pm
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POSITIVE IMPACT
DocuSign reported strong Q4 results with revenue and earnings per share exceeding expectations, and provided optimistic revenue forecasts for Q1 and FY 2025. Analysts have raised their price targets in response.
The positive earnings report and optimistic future revenue forecasts indicate a strong financial health and growth potential for DocuSign. The upward adjustment of price targets by analysts further supports a positive outlook for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100