DocuSign price target raised to $59 from $50 at RBC Capital

RBC Capital raised the firm’s price target on DocuSign to $59 from $50 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The company reported a solid quarter, leading shares up afterhours, with Q4 results driven by enterprise, international, and Contract Lifecycle Management segment strength, even though its initial FY25 growth guidance was soft, the analyst tells investors in a research note.