Robert W. Baird analyst William Power has reiterated their neutral stance on DOCU stock, giving a Hold rating on April 17.
William Power’s rating is based on a combination of factors, including the promising early adoption of DocuSign’s IAM product, which has been well-received by customers and partners. However, despite the positive feedback, it is still early in the product’s lifecycle, and more evidence is needed to fully understand its impact and potential uplift.
Moreover, while DocuSign is making significant strides in broadening its agreement platform and innovating beyond its core eSignature product, the company is still in the process of optimizing its go-to-market strategy. This includes transitioning some direct customers to a self-serve model and focusing resources on higher-value enterprise customers. The diverse customer base positions DocuSign well against potential macroeconomic challenges, but the need for further proof points keeps the rating at Hold.
According to TipRanks, Power is a 5-star analyst with an average return of 14.3% and a 52.61% success rate. Power covers the Technology sector, focusing on stocks such as DocuSign, Snowflake, and Apple.