BofA lowered the firm’s price target on DocuSign (DOCU) to $82 from $102 and keeps a Neutral rating on the shares. Q3 results were not going to settle the agentic disruption concerns debate, but the firm was “encouraged” by progress with DocuSign’s Intelligence Agreement Management, key to fending off that threat, the analyst tells investors. Following the report, the firm fine-tuned estimates to reflect the results and lowered its target to account for multiple compression across apps.
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