Shares of electronic signature company Docusign (NASDAQ:DOCU) soared in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year 2024. Earnings per share came in at $0.76, which beat analysts’ consensus estimate of $0.65 per share.
Sales increased by 8% year-over-year, with revenue hitting $712.4 million. This beat analysts’ expectations by $13 million.
Looking forward, management now expects revenue for Q1 2025 to be in the range of $704 million to $708 million. For reference, analysts were expecting $700.1 million in revenue.
What Is the Forecast for DOCU Stock?
Turning to Wall Street, analysts have a Hold consensus rating on DOCU stock based on four Buys, 10 Holds, and three Sells assigned in the past three months, as indicated by the graphic below. After an 18% decline in its share price over the past year, the average DOCU price target of $59.07 per share implies 10.3% upside potential. However, it’s worth noting that estimates will likely change following today’s earnings report.
