Docusign Inc. (DOCU) PT Raised to $290 at Wedbush as Checks Indicate Deal Flow is Accelerating

June 18, 2021 7:06 AM EDT
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Price: $298.04 -1.04%

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    18 Buy, 4 Hold, 0 Sell

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(Updated - June 18, 2021 7:36 AM EDT)

Wedbush analyst Daniel Ives raised the price target on Docusign Inc. (NASDAQ: DOCU) to $290.00 (from $260.00) on strong CLM checks and indications that deal flow is accelerating.

The analyst reiterated an Outperform rating, stating "we believe DOCU's deal flow continues to accelerate into the rest of FY22. We are seeing the DOCU solution set and e- signature platform being prioritized by IT decision makers as it serves a clear need for remote workers and appears to be the platform solution going forward for many enterprises. With a "new normal" and still heavy remote workforce on the horizon for the foreseeable future, we believe this backdrop has markedly accelerated DOCU's ability to further penetrate existing as well as new customers".

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