DocuSign price target lowered to $86 from $124 at Citizens

Citizens lowered the firm’s price target on DocuSign (DOCU) to $86 from $124 and keeps an Outperform rating on the shares. While Citizens would have liked to see Docusign’s total revenue accelerate in Q4 or in the Q1 guidance, the stock is viewed as an attractive opportunity for capital appreciation, the analyst tells investors in a research note.