DocuSign rises as it crosses above key technical level
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 01 2024
0mins
Should l Buy DOCU?
Source: NASDAQ.COM
DocuSign Inc. saw a price increase of 5.00% as it crossed above its 5-day SMA, reflecting positive momentum in the stock.
This movement is attributed to broad market strength, with the Nasdaq-100 up 0.68% and the S&P 500 up 0.27%, indicating a favorable environment for growth stocks like DocuSign.
The stock's performance suggests that investors are responding positively to the overall market conditions, which may lead to further gains in the near future.
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Analyst Views on DOCU
Wall Street analysts forecast DOCU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DOCU is 80.23 USD with a low forecast of 70.00 USD and a high forecast of 105.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
3 Buy
13 Hold
0 Sell
Hold
Current: 45.540
Low
70.00
Averages
80.23
High
105.00
Current: 45.540
Low
70.00
Averages
80.23
High
105.00
About DOCU
DocuSign, Inc. provides intelligent agreement management (IAM) platform an eSignature solution, and contract lifecycle management (CLM) solution - allow organizations to increase productivity, accelerate contract review cycles, and transform agreement data into insights and actions. The Company’s IAM platform automates agreement workflows, uncovers actionable insights, and leverages artificial intelligence (AI) capabilities, enabling organizations to create, commit, and manage agreements virtually. Its products include eSignature, CLM, IAM Apps, and Add-on Products. Its Add-on Products include Payments to collect payments along with signed agreements; Identity and standards-based signature for enhanced signer-identification and signatures with digital certification; Notary for remote online notarization; Monitor for advanced analytics; Gen for Salesforce for automated agreement generation within Salesforce, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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