DocuSign Reinitiated at Underperform by BofA on Growth Uncertainty

BofA Securities reinstated coverage of DocuSign Inc. (NASDAQ: DOCU) with an Underperform rating and a $52 price target, citing uncertainty around its growth trajectory. The firm noted that while DocuSign has historically dominated the eSignature market, the segment is now approaching maturity and becoming increasingly commoditized. As a result, the company’s revenue growth has plateaued in the high single-digit range over the past ten quarters. Against this backdrop, DocuSign is shifting its focus toward be ...