
DocuSign (DOCU) Stock Forecast & Price Target
DocuSign (DOCU) Analyst Ratings
Bulls say
Docusign has demonstrated an improvement in its Net Revenue Retention (NRR), reaching 102%, which indicates strong customer loyalty and growth potential within existing accounts. The company has also seen success in its enterprise segment, with over 50% of enterprise account representatives securing at least one Intelligent Automation Management (IAM) deal, reflecting a growing demand for enhanced automation solutions. Additionally, the average overall deal size has increased, highlighting Docusign's expanding market presence and effectiveness in addressing the needs of larger clients.
Bears say
DocuSign has demonstrated a trend of decreasing billings guidance throughout FY23, consistently missing its own projections and reducing expectations regarding the COVID-related boost from early renewals. The company also faces significant competitive pressures from key players in the market, including Adobe, Box, and Dropbox, which could jeopardize its growth potential. Additionally, concerns regarding potential pricing pressures in the e-signature market, coupled with uncertainty surrounding the expansion of its platform and total addressable market, contribute to an overall negative outlook for the stock.
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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