Docusign (NASDAQ:DOCU) Price Target Raised to $64.00

Docusign (NASDAQ:DOCU) had its target price increased by Bank of America from $58.00 to $64.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has an underperform rating on the stock.

Several other analysts have also recently commented on the stock. UBS Group upped their target price on shares of Docusign from $54.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday. Wedbush lowered their price target on Docusign from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Wall Street Zen cut shares of Docusign from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of Docusign in a research note on Friday. Finally, Jefferies Financial Group boosted their target price on Docusign from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $67.33.

Docusign Price Performance

DOCU stock opened at $68.41 on Friday. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 41.71, a P/E/G ratio of 2.43 and a beta of 0.90. The business has a fifty day moving average price of $55.70 and a 200 day moving average price of $49.90. Docusign has a fifty-two week low of $40.16 and a fifty-two week high of $86.65.

Docusign (NASDAQ:DOCU) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. Docusign had a net margin of 9.82% and a return on equity of 18.29%. The firm had revenue of $875.75 million for the quarter, compared to analyst estimates of $867.22 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts expect that Docusign will post 2.03 earnings per share for the current fiscal year.

Insider Activity

In other Docusign news, insider James Shaughnessy sold 12,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $45.54, for a total transaction of $546,480.00. Following the sale, the insider directly owned 52,815 shares in the company, valued at $2,405,195.10. This represents a 18.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Paula Hansen sold 6,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $45.54, for a total value of $273,240.00. Following the transaction, the executive directly owned 89,972 shares of the company’s stock, valued at $4,097,324.88. This trade represents a 6.25% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 90,602 shares of company stock worth $4,323,749. 0.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Modus Advisors LLC bought a new stake in shares of Docusign in the fourth quarter worth $27,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Docusign by 309.5% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 561 shares of the company’s stock valued at $38,000 after purchasing an additional 424 shares during the last quarter. Basepoint Wealth LLC bought a new position in Docusign during the fourth quarter worth $39,000. Harbour Investments Inc. grew its holdings in Docusign by 56.6% during the 4th quarter. Harbour Investments Inc. now owns 797 shares of the company’s stock worth $55,000 after acquiring an additional 288 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Docusign by 116.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 854 shares of the company’s stock valued at $58,000 after purchasing an additional 460 shares during the period. Institutional investors own 77.64% of the company’s stock.

Key Stories Impacting Docusign

Here are the key news stories impacting Docusign this week:

• Positive Sentiment: Quarterly results exceeded expectations. DocuSign reported revenue of $875.7 million, up 9.4% year over year and ahead of the $867.2 million consensus estimate. Adjusted earnings of $1.16 per share also surpassed expectations of approximately $1.08-$1.09. DocuSign Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised its fiscal 2027 outlook. The company increased guidance for revenue, annual recurring revenue (ARR) and the percentage of ARR generated by its Intelligent Agreement Management (IAM) platform. Third-quarter revenue guidance of $886 million-$890 million was broadly in line with analyst expectations. DocuSign raises annual forecast as AI-powered contract tools gain traction
• Positive Sentiment: AI and IAM adoption are becoming key growth drivers. New AI-powered contract tools are gaining traction, while stronger retention and IAM momentum suggest DocuSign is broadening its addressable market beyond electronic signatures. CFO Blake Grayson said strengthening partnerships supported the higher ARR forecast.
• Positive Sentiment: DocuSign is opening its Model Context Protocol server to all AI agents globally on September 30. The initiative could make DocuSign’s agreement technology more accessible across agentic enterprise software ecosystems and support future platform usage. DocuSign Agreement Layer for the Agentic Enterprise Coming to Every Agent
• Positive Sentiment: Several analysts raised their price targets following the earnings report, including UBS to $70, BTIG to $75 and Citizens JMP to $86. Morgan Stanley also reportedly increased its target, while technical traders noted a bullish “golden cross.”
• Neutral Sentiment: Analyst opinion remains divided. Bank of America raised its target to $64 but retained an “underperform” rating; UBS maintained “neutral,” and Needham reiterated “hold.” This suggests some analysts view the recent rally as having already priced in much of the improvement.
• Negative Sentiment: The stock reversed some early gains despite the earnings beat. With shares trading well above their 200-day average and at a relatively elevated earnings multiple, investors may be concerned that expectations for AI-driven growth are becoming demanding.

About Docusign

Docusign, Inc (NASDAQ: DOCU) is a leading provider of electronic signature and digital transaction management solutions. The company’s flagship offering, Docusign eSignature, enables organizations to send, sign and manage legally binding electronic agreements securely in the cloud. Beyond eSignature, Docusign’s Agreement Cloud combines contract lifecycle management, document generation, and workflow automation to streamline agreement processes from initiation through execution and storage.

Docusign’s platform serves a diverse customer base spanning industries such as finance, real estate, healthcare, technology, and government.