Baird lowered the firm’s price target on DocuSign to $58 from $70 and keeps a Neutral rating on the shares. The firm said they reported solid FQ2 results, including upside to revenue and margins. The Q3 guidance was also slightly ahead and the company raised full-year guidance although they expect there is conservatism in the numbers as they believe slowing growth could be an overhang on the shares.
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Read More on DOCU:
- DocuSign (NASDAQ:DOCU) Reverses Gains, Turns Red after Earnings Report
- DocuSign raises FY24 revenue view to $2.725B-$2.737B, consensus $2.72B
- DocuSign sees Q3 revenue $687M-$691M, consensus $686M
- DocuSign (NASDAQ:DOCU) Jumps on Stellar Earnings Report
- DocuSign increases stock repurchase program by $300M to $500M
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