DocuSign (DOCU) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DocuSign in the last year. There are currently 3 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DOCU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DOCU, but not buy additional shares or sell existing shares.
View DOCU analyst ratings or view top-rated stocks.

13 Wall Street analysts have issued 12-month price objectives for DocuSign's shares. Their DOCU share price forecasts range from $42.00 to $87.00. On average, they expect the company's share price to reach $61.69 in the next year. This suggests a possible upside of 46.9% from the stock's current price.
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DocuSign's stock was trading at $55.42 on January 1st, 2023. Since then, DOCU stock has decreased by 24.2% and is now trading at $42.00.
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DocuSign saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 9,780,000 shares, an increase of 12.9% from the August 31st total of 8,660,000 shares. Based on an average trading volume of 3,270,000 shares, the short-interest ratio is currently 3.0 days.
View DocuSign's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 14th 2023.
View our DOCU earnings forecast.

DocuSign, Inc. (NASDAQ:DOCU) issued its earnings results on Thursday, September, 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.06. The company had revenue of $687.69 million for the quarter, compared to the consensus estimate of $677.56 million. DocuSign had a negative net margin of 0.64% and a positive trailing twelve-month return on equity of 11.30%. The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.18) earnings per share.

ETFs with the largest weight of DocuSign (NASDAQ:DOCU) stock in their portfolio include American Century Mid Cap Growth Impact (MID), Capital Link Global Fintech Leaders ETF (KOIN), Direxion Work From Home ETF (WFH), Direxion Daily Cloud Computing Bull 2x (CLDL), Goldman Sachs Future Planet Equity ETF (GSFP), Gen Z ETF (ZGEN), American CenturyFocused Dynamic Growth ETF (FDG) and First Trust Dow Jones Internet Index Fund (FDN).

DocuSign updated its FY 2024 earnings guidance on Thursday, September, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.73 billion-$2.74 billion, compared to the consensus revenue estimate of $2.72 billion.

782 employees have rated DocuSign Chief Executive Officer Daniel Springer on Glassdoor.com. Daniel Springer has an approval rating of 98% among the company's employees. This puts Daniel Springer in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other DocuSign investors own include NVIDIA (NVDA), Block (SQ), Tesla (TSLA), Advanced Micro Devices (AMD), Zoom Video Communications (ZM), PayPal (PYPL), Salesforce (CRM), Alibaba Group (BABA), Shopify (SHOP) and Netflix (NFLX).

(DOCU) raised $542 million in an initial public offering on Friday, April 27th 2018. The company issued 21,700,000 shares at $24.00-$26.00 per share. Morgan Stanley and J.P. Morgan acted as the underwriters for the IPO and Citigroup, BofA Merrill Lynch, Deutsche Bank Securities, JMP Securities, Pper Jaffray and William Blair were co-managers.

DocuSign trades on the NASDAQ under the ticker symbol "DOCU."

Shares of DOCU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DOCU stock can currently be purchased for approximately $42.00.

DocuSign (NASDAQ:DOCU) has a market capitalization of $8.53 billion and generates $2.52 billion in revenue each year. The company earns $-97,450,000.00 in net income (profit) each year or ($0.09) on an earnings per share basis.

The company employs 7,336 workers across the globe.

DocuSign's mailing address is 221 Main St. Suite 1550, San Francisco CA, 94105. The official website for the company is www.docusign.com. The company can be reached via phone at (415) 489-4940 or via email at investors@docusign.com.