DocuSign shares are trading lower after the company reported Q1 financial results. Also, Baird and B of A Securities lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
DocuSign shares are trading lower following the release of their Q1 financial results. Additionally, Baird and B of A Securities have lowered their price targets for the stock.
June 07, 2024 | 11:36 am
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DocuSign shares are experiencing a decline after the company reported its Q1 financial results. Furthermore, Baird and B of A Securities have reduced their price targets for the stock, indicating a less optimistic outlook.
The decline in DocuSign's share price is directly linked to the company's Q1 financial performance, which likely did not meet market expectations. The reduction in price targets by Baird and B of A Securities further suggests a bearish sentiment among analysts, contributing to the negative short-term outlook for the stock.
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IMPORTANCE 80
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