DocuSign (DOCU) Shares Pop on Restructuring Plan, 9% Staff Cuts

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Go back to DocuSign (DOCU) Shares Pop on Restructuring Plan, 9% Staff Cuts

DocuSign Inc. (DOCU) Restructuring Timing 'Interesting' According to Analyst

September 29, 2022 12:52 PM EDT

Wolfe Research cut its price target on shares of DocuSign Inc. (NASDAQ: DOCU) to $44 from $53, reiterating an Underperform rating on Thursday, in reaction to the news that the company authorized a restructuring plan that will reduce the current workforce by approximately 9%.

Analyst Alex Zukin told investors in a research article that the company estimates it will incur charges of approximately $30-$40M in connection with... More

IBM (IBM) Not Immune to Macro Headwinds- UBS

September 28, 2022 2:05 PM EDT

UBS cut IBM's price target to $112 from $118 on Wednesday, maintaining a Sell rating on the stock, stating the company is not immune to macro.

Analyst David Vogt also lowered estimates as they believe consulting revenue growth is likely to slow faster than expected, IBM is facing incremental FX headwinds, and margins... More