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DocuSign (DOCU) Receives a Hold from RBC Capital

Tipranks - Tue Feb 17, 7:46PM CST

RBC Capital analyst Rishi Jaluria maintained a Hold rating on DocuSign on February 13 and set a price target of $70.00. The company’s shares closed last Friday at $44.82.

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According to TipRanks, Jaluria is an analyst with an average return of -7.0% and a 47.83% success rate. Jaluria covers the Technology sector, focusing on stocks such as Microsoft, Intuit, and Guidewire.

Currently, the analyst consensus on DocuSign is a Hold with an average price target of $78.29, implying a 74.68% upside from current levels. In a report released on February 13, HSBC also maintained a Hold rating on the stock with a $53.00 price target.

Based on DocuSign’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $818.35 million and a net profit of $83.73 million. In comparison, last year the company earned a revenue of $754.82 million and had a net profit of $62.42 million

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