03:10 PM EDT, 06/06/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We trim our 12-month target price by $25 to $90, applying an EV/revenue multiple of 5.5x to our FY 26 (Jan.) estimate, a light premium to its three-year historical average multiple at 5.2x, reflecting its dominant market share position. We raise our FY 26 EPS estimate by $0.07 to $3.57 to keep FY 27's at $3.90. DOCU reported Apr-Q operating EPS of $0.90 vs. $0.82, $0.09 above consensus. Revenue growth of 8% outpaced our expectations, driven by additional IAM customers and self-serve digital revenue. Lower early renewal billings due to a change in its go-to-market strategy ended up being more intense than expected, leading to a reduction in full-year billings guidance. While the company states that this was result of timing rather than a reduction in demand, we remain worried that economic uncertainty is causing customers to be more cautious with their spending.