DocuSign delivers another quarter of margin expansion, says Argus

Argus analyst Joseph Bonner raised the firm’s FY25 EPS view on DocuSign by 20c to $3.48 and its FY26 view by 13c to $3.57 after the company’s Q2 earnings beat and revenue guidance raise, though the firm is keeping its Hold rating. DocuSign has a dominant share in the e-signature market which it “essentially invented”, but its revenue growth continues to slow and its management expects soft demand, customer caution, and moderated expansion rates to continue in FY25, the analyst tells investors in a research note.