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DocuSign (DOCU) Stock Forecast & Price Target

$58.04
-1.85 (-3.09%)
(As of 05/22/2024 ET)

DocuSign - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 11 Analyst Ratings

Consensus Price Target

$60.25
3.81% Upside
High Forecast$87.00
Average Forecast$60.25
Low Forecast$42.00
TypeCurrent Forecast
5/24/23 to 5/23/24
1 Month Ago
4/24/23 to 4/23/24
3 Months Ago
2/23/23 to 2/23/24
1 Year Ago
5/24/22 to 5/24/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
9 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$60.25$60.25$60.00$62.93
Forecasted Upside3.81% Upside11.95% Upside10.58% Upside4.46% Upside
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DOCU Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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DOCU Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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DocuSign Stock vs. The Competition

TypeDocuSignBusiness Services CompaniesS&P 500
Consensus Rating Score
2.00
2.63
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside3.81% Upside163.85% Upside8.72% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/12/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$59.00-2.16%
4/12/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$84.00+41.22%
4/12/2024Needham & Company LLC
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 Reiterated RatingHold
4/12/2024UBS Group
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 UpgradeSell ➝ Neutral$48.00 ➝ $62.00+4.24%
2/5/2024Wells Fargo & Company
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 Lower TargetUnderweight ➝ Underweight$55.00 ➝ $45.00-17.49%
1/16/2024Morgan Stanley
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 UpgradeUnderweight ➝ Equal Weight$49.00 ➝ $64.00+0.71%
12/8/2023Piper Sandler
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 Lower TargetNeutral ➝ Neutral$57.00 ➝ $50.00+0.66%
12/8/2023JPMorgan Chase & Co.
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 Lower TargetUnderweight ➝ Underweight$50.00 ➝ $45.00-10.73%
9/27/2023HSBC
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 UpgradeReduce ➝ Hold$42.00+2.34%
9/13/2023Citigroup
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 Boost TargetBuy ➝ Buy$81.00 ➝ $87.00+88.72%
9/8/2023Robert W. Baird
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 Lower TargetNeutral ➝ Neutral$70.00 ➝ $58.00+11.26%
9/8/2023Bank of America
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 Lower Target$72.00 ➝ $60.00+15.10%
6/9/202322nd Century Group
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 Reiterated RatingMaintains
6/9/2023Wedbush
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 Boost Target$60.00 ➝ $67.00+14.57%
3/7/2023Jefferies Financial Group
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 Boost TargetBuy$70.00 ➝ $80.00+24.71%
2/23/2023Wolfe Research
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 UpgradeUnderperform ➝ Peer Perform
9/22/2022Moffett Nathanson
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Jackson Ader
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Initiated CoverageUnderperform$58.00+6.23%
6/10/2022William Blair
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J. Roberge
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DowngradeOutperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:33 AM ET.

DOCU Frequently Asked Questions

What is DocuSign's stock forecast and purchase recommendation?

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for DocuSign is $60.25, with a high forecast of $87.00 and a low forecast of $42.00. The consensus rating for DocuSign stock is Hold based on the current 2 sell ratings, 7 hold ratings and 2 buy ratings for DOCU. Learn more on DOCU's analyst rating history.

Do Wall Street analysts like DocuSign more than its competitors?

Analysts like DocuSign less than other "business services" companies. The consensus rating for DocuSign is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how DOCU compares to other companies.

Is DocuSign being upgraded by Wall Street analysts?

Over the previous 90 days, DocuSign's stock had 1 upgrade by analysts.

Does DocuSign's stock price have much upside?

According to analysts, DocuSign's stock has a predicted upside of 11.95% based on their 12-month stock forecasts.

What analysts cover DocuSign?

DocuSign has been rated by research analysts at JMP Securities, Needham & Company LLC, Royal Bank of Canada, and UBS Group in the past 90 days.


Stock Forecasts and Research Tools

This page (NASDAQ:DOCU) was last updated on 5/23/2024 by MarketBeat.com Staff

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