DocuSign price target raised to $82 from $72 at Citi

Citi analyst Tyler Radke raised the firm’s price target on DocuSign to $82 from $72 and keeps a Buy rating on the shares. The analyst sees a "mixed" setup for shares heading into the Q4 print. Channel checks and usage data indicate softening demand, but DocuSign’s recent restructuring should drive significant upside to margins, the analyst tells investors in a research note. The firm thinks the e-signature market, unlike video-conferencing, "remains vastly underpenetrated."