Docusign Inc. (DOCU) PT Lowered to $90 at Citi

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'Signing Out': Wolfe Cuts DocuSign Stock to Underperform, Sees More Downside Risk

June 13, 2022 9:27 AM EDT

Wolfe Research analyst Alex Zukin downgraded DocuSign (NASDAQ: DOCU) to Underperform from Peer Perform with a $50.00 per share price target, down from $75.00.

The analyst cut the rating on DOCU stock after mixed Q1 results and slashed FY23 billings guidance.

While 1Q billings beat by more... More