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Docusign Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
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Docusign Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Jun 6, 2024 7:24 AM

DocuSign, Inc ( DOCU ). is set to release first-quarter financial results, after the closing bell on Thursday.

Analysts expect the San Francisco, California-based company to report quarterly earnings at 79 cents per share, up from 72 cents per share in the year-ago period. DocuSign ( DOCU ) is expected to post revenue of $707.46 million, according to data from Benzinga Pro.

On May 31, Docusign ( DOCU ) said it has completed the acquisition of Lexion, a leading AI-powered agreement management company.

DocuSign ( DOCU ) shares rose 0.6% to close at $53.54 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

UBS analyst Karl Keirstead upgraded the stock from Sell to Neutral and raised the price target from $48 to $62 on April 12. This analyst has an accuracy rate of 73%.

Baird analyst William Power maintained a Neutral rating and boosted the price target from $50 to $65 on March 11. This analyst has an accuracy rate of 84%.

Wedbush analyst Daniel Ives maintained a Neutral rating and boosted the price target from $56 to $65 on March 8. This analyst has an accuracy rate of 71%.

Piper Sandler analyst Rob Owens maintained a Neutral rating and boosted the price target from $55 to $65 on March 8. This analyst has an accuracy rate of 82%.

B of A Securities analyst Brad Sills maintained a Neutral rating and raised the price target from $60 to $72 on March 8. This analyst has an accuracy rate of 74%.

Read This Next: Jim Cramer: Energy Transfer Has ‘Done A Very Good Job,’ Recommends Selling This Tech Stock

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