William Blair analyst Jake Roberge has maintained their bullish stance on DOCU stock, giving a Buy rating on April 17.
Jake Roberge has given his Buy rating due to a combination of factors including DocuSign’s recent developments and strategic initiatives. At the Momentum 2025 conference, DocuSign announced significant enhancements to its IAM platform, which has already attracted 10,000 customers. The introduction of agentic contract automation has been well-received by customers, indicating a strong interest in automating the contracting process.
Moreover, DocuSign’s shift towards a more efficient sales model, emphasizing self-service, has shown promising results. This strategy allows sales representatives to focus on higher-value customers and aggressively market IAM solutions. Despite the premium pricing of IAM compared to the core e-signature platform, the company’s diversified industry presence and limited public sector exposure are expected to support continued growth amidst macroeconomic uncertainties.
Roberge covers the Technology sector, focusing on stocks such as Workiva, DocuSign, and Adobe. According to TipRanks, Roberge has an average return of -11.3% and a 24.62% success rate on recommended stocks.
In another report released on April 17, Jefferies also maintained a Buy rating on the stock with a $105.00 price target.