DocuSign Analysts Cut Their Forecasts After Q1 Results
Portfolio Pulse from Avi Kapoor
DocuSign, Inc. (NASDAQ:DOCU) reported better-than-expected Q1 earnings and announced a $1 billion increase to its stock repurchase program. Despite the positive results, analysts from Baird, B of A Securities, and Needham lowered their price targets for the stock.
June 07, 2024 | 1:09 pm
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DocuSign reported better-than-expected Q1 earnings and announced a $1 billion increase to its stock repurchase program. Despite the positive results, analysts from Baird, B of A Securities, and Needham lowered their price targets for the stock.
While DocuSign reported strong Q1 earnings and announced a significant stock repurchase program, the fact that multiple analysts lowered their price targets suggests mixed sentiment. This could lead to a neutral short-term impact on the stock price.
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