In the last three months, 13 analysts have published ratings on DocuSign DOCU, offering a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 4 | 7 | 2 | 0 |
| Last 30D | 0 | 1 | 5 | 1 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 2 | 1 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $64.62, along with a high estimate of $84.00 and a low estimate of $45.00. Observing a 21.65% increase, the current average has risen from the previous average price target of $53.12.
Exploring Analyst Ratings: An In-Depth Overview
The standing of DocuSign among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $84.00 | - |
| Rishi Jaluria | RBC Capital | Raises | Sector Perform | $59.00 | $50.00 |
| Daniel Ives | Wedbush | Raises | Neutral | $65.00 | $56.00 |
| Rob Owens | Piper Sandler | Raises | Neutral | $65.00 | $55.00 |
| Michael Turrin | Wells Fargo | Raises | Underweight | $48.00 | $45.00 |
| Brad Sills | B of A Securities | Raises | Neutral | $72.00 | $60.00 |
| Kirk Materne | Evercore ISI Group | Raises | In-Line | $60.00 | $55.00 |
| Michael Turrin | Wells Fargo | Lowers | Underweight | $45.00 | $55.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $84.00 | - |
| Josh Baer | Morgan Stanley | Raises | Equal-Weight | $64.00 | $49.00 |
| Rishi Jaluria | RBC Capital | Maintains | Sector Perform | $50.00 | - |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $84.00 | - |
| Stephen Bersey | Daiwa Capital | Announces | Outperform | $60.00 | - |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to DocuSign. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of DocuSign compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of DocuSign's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of DocuSign's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on DocuSign analyst ratings.
All You Need to Know About DocuSign
DocuSign offers the Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its IPO in May 2018.
Key Indicators: DocuSign's Financial Health
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: DocuSign's remarkable performance in 3 months is evident. As of 31 October, 2023, the company achieved an impressive revenue growth rate of 8.51%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 5.54%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): DocuSign's ROE stands out, surpassing industry averages. With an impressive ROE of 4.28%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): DocuSign's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.18%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a high debt-to-equity ratio of 0.87, DocuSign faces challenges in effectively managing its debt levels, indicating potential financial strain.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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