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) it has the dominant e-signature franchise, with an incredible 1.7M customers; 2) DocuSign has a significant opportunity to drive workflow automation through its IAM platform, which continues to evolve with the addition of eight new features introduced at its Momentum 2025 user conference (see our Momentum 2025 note here); 3) the company addresses a large $50B TAM, with $25B from e-signature and $25B from contract lifecycle management; and 4) 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 $89.20 yesterday.

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