13 analysts have shared their evaluations of DocuSign DOCU during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 2 | 8 | 1 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 2 | 0 | 0 |
| 3M Ago | 1 | 1 | 6 | 1 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $69.38, along with a high estimate of $93.00 and a low estimate of $48.00. This current average has increased by 15.25% from the previous average price target of $60.20.
Diving into Analyst Ratings: An In-Depth Exploration
An in-depth analysis of recent analyst actions unveils how financial experts perceive DocuSign. The following summary 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 |
|---|---|---|---|---|---|
| Tyler Radke | Citigroup | Lowers | Buy | $86.00 | $93.00 |
| Rishi Jaluria | RBC Capital | Maintains | Sector Perform | $59.00 | - |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $84.00 | - |
| Karl Keirstead | UBS | Raises | Neutral | $62.00 | $48.00 |
| Tyler Radke | Citigroup | Raises | Buy | $93.00 | $90.00 |
| William Power | Baird | Raises | Neutral | $65.00 | $50.00 |
| 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 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to DocuSign. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of DocuSign compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of DocuSign's stock. This analysis reveals shifts in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of DocuSign's market position. Stay informed and make data-driven decisions with the assistance of 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.
DocuSign's Financial Performance
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: DocuSign's remarkable performance in 3 months is evident. As of 31 January, 2024, the company achieved an impressive revenue growth rate of 8.01%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: DocuSign's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.82% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): DocuSign's ROE excels beyond industry benchmarks, reaching 2.6%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): DocuSign's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.86%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 0.13, DocuSign adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Core of Analyst Ratings: What Every Investor Should Know
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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