Why 1 Analyst Thinks DocuSign Stock Can Gain Over 170% in 2026

Core Viewpoint - Despite challenging market conditions and a significant decline in share price, DocuSign remains a focus for bullish analysts, with a high price target of $124 suggesting a potential upside of 171.2% from recent prices [1] Company Overview - DocuSign is a software company based in San Francisco, California, specializing in cloud-based electronic signature and digital agreement management solutions for businesses globally. The platform allows users to prepare, sign, act on, and manage agreements securely across various devices, and has expanded into agreement automation and intelligent contract-lifecycle offerings. The company's market capitalization is approximately $9.2 billion [4] Market Performance - DocuSign's share price has faced significant challenges over the past year, dropping 52% from its peak of around $94.67 in June 2025, and is down 44.25% year-over-year [5] - Year-to-date, the stock has declined approximately 33.76%, underperforming major indices and reinforcing a bearish trend. The stock reached a 52-week low of $40.16 on February 25 [6] Analyst Sentiment - Analysts at Citizens maintain a "Market Outperform" rating on DocuSign, viewing it as a compelling capital appreciation opportunity due to its strong e-signature franchise and total addressable market, which are seen as long-term growth drivers [2] - The current valuation reflects a potential turnaround for a stock under pressure from slower e-signature billings, with some strategists suggesting substantial appreciation could occur through 2026 [3] - The decline in DocuSign's stock in 2026 is attributed to weakening investor confidence, sector-wide pressures, and skepticism regarding the company's growth acceleration, particularly in its transition to the Intelligent Agreement Management platform [7]