
DocuSign (DOCU) Stock Forecast & Price Target
DocuSign (DOCU) Analyst Ratings
Bulls say
Docusign demonstrated strong financial performance with a net revenue retention (NRR) rate of 102%, indicating positive growth and customer retention. The company's enterprise account representatives successfully closed over 50% of accounts with at least one Intelligent Automation Management (IAM) deal, highlighting increasing traction in the higher market segments. Additionally, the rise in average overall deal size suggest favorable market conditions and growing demand for the company's Agreement Cloud solutions.
Bears say
DocuSign's recent financial guidance indicates a declining outlook, with multiple adjustments to billings expectations throughout FY23 and a notable miss against its own targets. The management has acknowledged the waning impact of COVID-related boosts from overages and early renewals, which previously contributed to revenue growth, signaling potential challenges in sustaining momentum in a post-pandemic environment. Furthermore, concerns regarding competitive pressures from other major players, potential limitations in expanding its platform or total addressable market (TAM), and the risk of pricing pressure in the e-signature segment further contribute to a negative outlook for the company's stock performance.
This aggregate rating is based on analysts' research of DocuSign and is not a guaranteed prediction by Public.com or investment advice.
DocuSign (DOCU) Analyst Forecast & Price Prediction
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