DocuSign price target raised to $100 from $59 at Baird

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.