DocuSign price target raised to $85 from $80 at Wells Fargo

Wells Fargo analyst Michael Turrin raised the firm’s price target on DocuSign (DOCU) to $85 from $80 and keeps an Equal Weight rating on the shares. Post Q1 reset, DocuSign’s Q2 provided a billings rebound and commentary on improving trends, the firm says. Wells remains on the sidelines and evaluates durability of changes as tougher second half of the year approaches.