Baird raised the firm’s price target on DocuSign (DOCU) to $100 from $59 and keeps a Neutral rating on the shares. The firm reported solid upside to FQ3 revenue, margins and billings. Most notably, the subscription revenue growth rate improved to 8% vs. 7% in FQ2, and NRR also improved to 100%, suggesting recent declines may be behind it.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOCU: