BTIG lowered the firm’s price target on DocuSign (DOCU) to $70 from $88 and keeps a Buy rating on the shares as part of a broader research note previewing Q4 results in Application Software. It remains difficult to see how the firm’s names under coverage can “shake off the AI disruption overhang”, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOCU:
- DocuSign price target lowered to $53 from $77 at HSBC
- DocuSign call volume above normal and directionally bullish
- DocuSign Securities Lawsuit Dismissed With Prejudice After Federal Court Ruling
- DocuSign put volume heavy and directionally bearish
- OpenAI Races Toward IPO to Beat Rival Anthropic to a $1 Trillion Valuation