DocuSign price target raised to $80 from $77 at JPMorgan

JPMorgan analyst Mark Murphy raised the firm’s price target on DocuSign (DOCU) to $80 from $77 and keeps a Neutral rating on the shares. The company reported a solid quarter and upped its full year guidance metrics across revenue, billings, and margins, the analyst tells investors in a research note. JPMorgan is “encouraged” by the results and the continued early strength in DocuSign’s intelligent agreement management and improvement in retention metrics.