Citizens JMP Reiterates Market Outperform Rating on Docusign Inc. (DOCU)

Citizens JMP analyst Patrick Walravens reiterated a Market Outperform rating and $124.00 price target on Docusign Inc. (NASDAQ: DOCU).

The analyst commented, “We continue to view DocuSign as an excellent opportunity for long-term capital appreciation for a number of reasons, including: 1) DocuSign has the dominant e-signature franchise, with an incredible 1.7M customers; 2) it has a compelling opportunity with IAM to automate agreement processes, which represents a low-single digit percentage of the total subscription book of business today but is expected to reach double-digits by the end of FY26 as “demand continues to exceed... expectations”; 3) the company addresses a large $50B TAM, with $25B from e-signature and $25B from contract lifecycle management; 4) the core business continues to improve as evidenced by NRR ticking up again to 101% in F4Q, from 100% last quarter, and now nicely off the low of 98% one year ago; and 5) we like the thoughtful leadership of Allan Thygesen, COO Anwar Akram, CFO Blake Grayson, CRO Paula Hansen, and Head of Investor Relations Matt Sonefeldt.”

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 $76.39 yesterday.

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