Docusign Reports Beat-And-Raise Quarter, But These Analysts Have Some Concerns
Portfolio Pulse from Priya Nigam
Docusign Inc (NASDAQ:DOCU) reported strong Q2 results, with revenues and earnings surpassing expectations. Despite this, analysts have mixed views, with some raising price targets and others expressing concerns about growth and market conditions.
September 06, 2024 | 3:42 pm
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Docusign reported better-than-expected Q2 results, with revenues of $736M and non-GAAP earnings of 97 cents per share. Analysts have mixed views, with some raising price targets and others concerned about growth and market conditions.
Docusign's Q2 results exceeded expectations, leading to a 3.2% rise in share price. Analysts have mixed views: RBC raised the price target, while JPMorgan maintained an Underweight rating. The positive earnings surprise and raised guidance suggest a short-term positive impact, but concerns about growth and market conditions may limit the upside.
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