
DocuSign (DOCU) Stock Forecast & Price Target
DocuSign (DOCU) Analyst Ratings
Bulls say
Docusign has demonstrated a promising improvement in net revenue retention (NRR), reaching 102%, indicating robust customer retention and expansion. The company has seen over 50% of its enterprise account representatives successfully closing at least one deal related to Intelligent Automation Management (IAM), reflecting increasing adoption in the enterprise sector. Additionally, the growth in average deal size illustrates Docusign's expanding market presence and effective sales strategies, contributing to a positive financial outlook.
Bears say
DocuSign has issued multiple downward revisions to its billings guidance for fiscal year 2023, indicating difficulty in meeting its own expectations and signaling a potential weakening demand. The company has highlighted a diminishing reliance on COVID-related acceleration in business, which raises concerns about future growth sustainability, particularly in key sectors such as mortgages and loans where exposure is significant. Furthermore, competitive pressures from firms like Adobe, Box, and Dropbox, alongside potential pricing challenges in the e-signature market, present additional risks that could adversely affect DocuSign's market positioning and financial 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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