
DocuSign (DOCU) Stock Forecast & Price Target
DocuSign (DOCU) Analyst Ratings
Bulls say
Docusign has demonstrated a robust improvement in net revenue retention (NRR), which increased to 102% compared to previous periods, indicating strong customer satisfaction and retention. The company has also seen significant success in its enterprise segment, with more than 50% of enterprise account representatives successfully closing at least one Intelligent Automation Management (IAM) deal, contributing to a rise in average overall deal size. This momentum in enterprise growth, coupled with the expanding adoption of its Agreement Cloud, positions Docusign favorably in the market and reflects a solid foundation for continued financial performance.
Bears say
Docusign's financial outlook appears negative due to multiple revisions to its billings guidance throughout fiscal year 2023, reflecting an inability to meet its initial forecasts and a diminishing impact from COVID-related demand. Additionally, the company's reliance on low double-digit growth in Identity and Access Management (IAM) services may not be sufficient to counter growing competitive threats and potential pricing pressures within the e-signature market. The lack of substantial expansion in its platform or total addressable market further exacerbates concerns about Docusign's future growth prospects.
This aggregate rating is based on analysts' research of DocuSign and is not a guaranteed prediction by Public.com or investment advice.
DocuSign (DOCU) Analyst Forecast & Price Prediction
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