UBS Upgrades Docusign Inc. (DOCU) to Neutral Saying Valuation is Now Fair

UBS analyst Karl Keirstead upgraded Docusign Inc. (NASDAQ: DOCU) from Sell to Neutral with a price target of $62.00 (from $48.00).

The analyst comments "We are upgrading our view of DocuSign shares from a Sell to Neutral and raise our PT to $62 from $48. While we remain on the sidelines given high eSignature market penetration, competition from the likes of Adobe and mixed traction with CLM, we conclude that DocuSign has largely moved past the material post-COVID expansion headwinds and has further margin upside potential. With the stock now trading at 12.7x our revised CY25/FY26E FCF estimates, a more reasonable 4-point premium to Zoom, we believe the risk/reward appears more balanced."

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 $59.48 yesterday.

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