DocuSign price target lowered to $80 from $92 at Evercore ISI

Evercore ISI lowered the firm’s price target on DocuSign (DOCU) to $80 from $92 and keeps an In Line rating on the shares. DocuSign delivered “a solid quarter,” with revenue and EPS both exceeding expectations, but some moving parts, such as timing-related impacts, “suggest a cautious outlook for the near term,” the analyst tells investors.