Top Wall Street Forecasters Revamp DocuSign Price Expectations Ahead Of Q4 Earnings

Core Viewpoint - DocuSign is set to release its fourth-quarter financial results on March 13, with expectations of increased earnings and revenue compared to the previous year [1]. Financial Performance - Analysts predict DocuSign will report quarterly earnings of 85 cents per share, up from 76 cents per share in the same quarter last year [1]. - The projected quarterly revenue is $761.64 million, an increase from $712.39 million a year earlier [1]. - In the third quarter of 2024, DocuSign reported revenue of $754.8 million, surpassing the consensus estimate of $745.26 million [2]. Stock Performance and Analyst Ratings - DocuSign shares rose 0.8% to close at $80.13 [3]. - JP Morgan upgraded the stock from Underweight to Neutral, raising the price target from $70 to $75 [5]. - JMP Securities maintained a Market Outperform rating with a price target of $124 [5]. - HSBC downgraded the stock from Hold to Reduce [5]. - Citigroup maintained a Buy rating and increased the price target from $87 to $113 [5]. - UBS maintained a Neutral rating and raised the price target from $60 to $100 [5].