These Analysts Boost Their Forecasts On DocuSign After Better-Than-Expected Q2 Results

Core Insights - DocuSign Inc reported better-than-expected second-quarter financial results, with revenue of $736 million, surpassing the consensus estimate of $727.36 million, and adjusted earnings of 97 cents per share, exceeding analyst estimates of 80 cents per share [1][2] Financial Performance - The company achieved record operating profit due to improved business stability and increased efficiency [2] - For the third quarter, DocuSign expects revenue in the range of $743 million and second-quarter billings between $710 million and $720 million [2] - The fiscal year 2025 revenue guidance has been raised to a new range of $2.94 billion to $2.952 billion [2] Stock Performance and Analyst Ratings - DocuSign shares fell 0.9% to close at $56.93 following the earnings announcement [2] - The consensus price target for DocuSign is $63.18 based on ratings from 20 analysts, with a high of $86 from Citigroup and a low of $42 from HSBC [4] - Recent analyst ratings indicate an average price target of $55.33, suggesting an implied downside of -6.37% from these ratings [4] Analyst Actions - Baird analyst William Power maintained a Neutral rating and raised the price target from $55 to $59 [5] - Wells Fargo analyst Michael Turrin maintained an Underweight rating and increased the price target from $48 to $50 [5] - RBC Capital analyst Rishi Jaluria maintained a Sector Perform rating and raised the price target from $52 to $57 [5]