Docusign posts rising retention, strong billings and expanding margins as its subscription model gains traction.
DOCU's pivot to an AI-driven IAM platform gains momentum as revenues, billings, retention and efficiency all strengthen during its business-model shift.
DocuSign (DOCU) closed at $64.67 in the latest trading session, marking a -4.56% move from the prior day.
DOCU's deepening ties with Microsoft and Salesforce strengthen its IAM platform and long-term growth potential.
DocuSign (DOCU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
In the closing of the recent trading day, DocuSign (DOCU) stood at $68.85, denoting a -1.15% move from the preceding trading day.
In the latest trading session, DocuSign (DOCU) closed at $70.81, marking a -3.05% move from the previous day.
Recently, Zacks.com users have been paying close attention to DocuSign (DOCU). This makes it worthwhile to examine what the stock has in store.
DocuSign (DOCU) is rated Buy with a $81 price target, offering 14% upside potential and market outperformance over the next 12 months. DOCU trades at a 25% discount to sector median P/E, despite exceptional 83.8% subscription gross margins and consistent double-beat quarters. International revenue growth (13% YoY, now 29% of total) and strong partnerships with major tech firms support a bullish outlook for DOCU.
In the closing of the recent trading day, DocuSign (DOCU) stood at $70.7, denoting a -1.04% move from the preceding trading day.
The latest trading day saw DocuSign (DOCU) settling at $67.12, representing a -1.16% change from its previous close.
Recently, Zacks.com users have been paying close attention to DocuSign (DOCU). This makes it worthwhile to examine what the stock has in store.