RBC Capital Reiterates Sector Perform on Docusign Inc. (DOCU) Following a 'Noisy' Quarter

RBC Capital analyst Rishi Jaluria reiterated a Sector Perform rating and $90.00 price target on Docusign Inc. (NASDAQ: DOCU).

The analyst commented: "DocuSign reported a mixed quarter with weaker than expected billings growth and guide leading shares down 17% after-hours. NRR was stable at 101% while billings came in slightly below guidance and consensus growing 4% YoY. The company lowered FY26 billings guidance by $15M below consensus at the midpoint with F2Q billings guide coming in below as well. Management did indicate they expect dollar net retention to improve throughout the year driven by both gross retention improvement and IAM upsells. While we acknowledge promising IAM adoption metrics, we remain in wait and see mode following a noisy quarter."

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 $92.90 yesterday.

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