RBC Capital Reiterates Sector Perform on DocuSign, Maintains $59 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Rishi Jaluria reiterates a Sector Perform rating on DocuSign (NASDAQ:DOCU) and maintains a $59 price target.

April 12, 2024 | 2:29 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
RBC Capital maintains a Sector Perform rating and a $59 price target on DocuSign.
The reiteration of the Sector Perform rating and maintenance of the $59 price target by RBC Capital suggests a neutral outlook on DocuSign's stock in the short term. This indicates that the analyst believes the stock is fairly valued at its current level, neither underperforming nor outperforming the sector significantly. The confidence level is high due to the specificity of the rating and price target, but not at maximum since market conditions and unforeseen company developments can impact stock performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100