BTIG analyst Allan Verkhovski initiated coverage of DocuSign (DOCU) with a Buy rating and $88 price target Shares are now 34% off their multi-year high of $107 per share last December in what was a very “noisy” year for DocuSign, the analyst tells investors in a research note. The firm believes developments such as the DocuGPT agent and the company guiding to annual ARR instead of billings beginning next quarter factors intot share underperformance this year, presenting a “great” buying opportunity.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOCU:
- DocuSign initiated with a Buy at BTIG
- AI Daily: Databricks raising $4B at $134B valuation
- Trump Trade: Office of Personnel Management launching U.S. Tech Force
- OPM launching US Tech Force to implement Trump’s ‘vision for tech leadership’
- DocuSign management to meet virtually with Needham