These Analysts Boost Their Forecasts On DocuSign After Better-Than-Expected Q2 Results

DocuSign Inc DOCU reported better-than-expected second-quarter financial results after the closing bell on Thursday.

DocuSign reported second-quarter revenue of $736 million, beating the consensus estimate of $727.36 million. The agreement cloud company reported second-quarter adjusted earnings of 97 cents per share, beating analyst estimates of 80 cents per share, according to Benzinga Pro.

"Docusign continued its evolution with improved business stability and increased efficiency, resulting in record operating profit," said Allan Thygesen, CEO of Docusign.

DocuSign expects third-quarter revenue to be in the range of $743 million to $747 million. The company sees second-quarter billings in the range of $710 million to $720 million. DocuSign also raised its fiscal year 2025 revenue to a new range of $2.94 billion and $2.952 billion.

DocuSign shares fell 0.9% to close at $56.93 on Thursday.

These analysts made changes to their price targets on DocuSign following earnings announcement.

• Baird analyst William Power maintained DocuSign with a Neutral and raised the price target from $55 to $59.
• Wells Fargo analyst Michael Turrin maintained the stock with an Underweight and increased the price target from $48 to $50.
• RBC Capital analyst Rishi Jaluria maintained DocuSign with a Sector Perform and raised the price target from $52 to $57.

Considering buying DOCU stock? Here’s what analysts think: