Jefferies reiterates Buy rating on Docusign Inc. (DOCU), sees attractive valuation

Jefferies analyst Brent Thill reiterated a Buy rating and $80.00 price target on Docusign Inc. (NASDAQ: DOCU).

"We hosted DOCU CFO for investor meetings and believe that mgmt. can reinvigorate growth given their investments in self-serve channels, pricing/ packaging changes, and international expansion. Short-term we expect a slower start to F24 as expansions slow, but see opportunity in the back-half as comps ease. The focus on self-serve GTM should result in higher margins LT. Stock trades attractively at 4x '24E rev. vs, comps at 6x."

For an analyst ratings summary and ratings history on Docusign Inc. click here. For more ratings news on Docusign Inc. click here.

Shares of Docusign Inc. closed at $57.17 yesterday.

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