KeyBanc Starts Docusign Inc. (DOCU) at Overweight

KeyBanc analyst Rob Owens initiates coverage on Docusign Inc. (NASDAQ: DOCU) with a Overweight rating and a price target of $59.00.

The analyst comments "After years of modest market acceptance, the e-signature market has begun to accelerate on broadening adoption, in our view. As the segment's market dominant leader, DocuSign is well positioned to penetrate a disproportionate share of the greenfield >$25B opportunity. Strong growth at scale and operating leverage potential support our constructive outlook."

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 $48.57 yesterday.

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