DocuSign price target raised to $100 from $60 at Evercore ISI

Evercore ISI raised the firm’s price target on DocuSign (DOCU) to $100 from $60 and keeps an In Line rating on the shares. After a “sneaky good” 2024 for DocuSign, business fundamentals continue to firm and the firm expects the recent run in shares has an opportunity to continue into calendar year 2025 if the financial services market continues to stabilize and the company can continue to deliver steady free cash flow per share growth, the analyst tells investors.