RBC Capital raised the firm’s price target on DocuSign (DOCU) to $90 from $57 but keeps a Sector Perform rating on the shares. The company reported a good beat-and-raise quarter that was highlighted by billings acceleration, the analyst tells investors in a research note. RBC adds however that while there was improvement in the core business, the case for meaningful acceleration rests on DocuSign ramping its IAM platform, which remains early.
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Read More on DOCU:
- DocuSign price target raised to $70 from $50 at Wells Fargo
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- DocuSign price target raised to $100 from $60 at Evercore ISI
- DocuSign price target raised to $100 from $59 at Baird
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