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DocuSign (DOCU) Price Target Reaffirmed Following Strong Q3 Results
Yahoo Finance· 2025-12-20 08:59
Core Insights - DocuSign Inc. (NASDAQ:DOCU) is recognized as a leading high-growth stock, with a reaffirmed Market Outperform rating and a price target of $124 by Citizens [1] - The company reported Q3 earnings per share of $1.01, surpassing expectations of $0.91, and revenue of $818 million, exceeding the forecast of $807.1 million [2] - CEO Allan Thygesen attributed the company's strong performance to increased customer investment in the IAM platform and improved operational efficiency [3] Financial Performance - DocuSign's Q3 revenue was $818 million, slightly above the expected $807.1 million [2] - The company raised the midpoint of its billings outlook by $44 million, indicating positive future expectations [2] Market Position and Growth Potential - DocuSign has a solid consumer base of 1.7 million and operates within a $50 billion total addressable market, which is evenly divided between e-signature and contract lifecycle management solutions [3] - The IAM product has grown significantly, expanding from 10,000 users in April to over 25,000, and is expected to contribute a double-digit percentage to subscription earnings in the next quarter [4] Product Offering - DocuSign provides an electronic signature and digital transaction management platform that facilitates the preparation, signing, and management of agreements electronically [4]