What 13 Analyst Ratings Have To Say About DocuSign
Portfolio Pulse from Benzinga Insights
DocuSign (NASDAQ:DOCU) has been analyzed by 13 analysts, showing a range of opinions from bullish to bearish. The average 12-month price target is $66.62, marking a 19.54% increase from the previous target of $55.73. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and DocuSign's performance. Despite the positive adjustments in price targets, DocuSign faces challenges in market capitalization, revenue growth, net margin, ROE, ROA, and debt management compared to industry averages.
April 12, 2024 | 12:01 pm
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DocuSign's analyst ratings and price targets have been updated, showing a positive shift in expectations with an average price target increase to $66.62. However, the company faces challenges in revenue growth, profitability, and operational efficiency compared to industry standards.
The increase in the average price target to $66.62 reflects a positive outlook from analysts, suggesting potential short-term gains. However, the detailed analysis of DocuSign's financial health, including below-average revenue growth, net margin, ROE, ROA, and a prudent debt management strategy, indicates significant challenges. These factors may temper the short-term impact of the positive analyst sentiment on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100