'We find the timing a bit interesting' - Needham on DocuSign's (DOCU) Plans
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DocuSign (DOCU) Stock Falls 4% After Morgan Stanley Downgrade to Underweight
October 3, 2022 9:05 AM EDTShares of DocuSign (NASDAQ: DOCU) are down about 4% in pre-market Monday after Morgan Stanley analyst Josh Baer downgraded to Underweight from Equal-weight.
The downgrade move is a result of an uncertain, difficult transition ahead for DocuSign, Baer told clients in a note.
Key risks, such as post-Covid demand normalization, sales force productivity challenges,... More
DocuSign Inc. (DOCU) Restructuring Timing 'Interesting' According to Analyst
September 29, 2022 12:52 PM EDTWolfe 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
