Shares of Docusign Inc (NASDAQ:DOCU) rallied in early trading on Wednesday, after the company reported fourth-quarter results.
Here are the key analyst insights:
- Citizens JMP Securities analyst Patrick Walravens reiterated a Market Outperform rating, while slashing the price target from $124 to $86.
- BTIG analyst Allan Verkhovski maintained a Buy rating and price target of $70.
Check out other analyst stock ratings.
Citizens JMP Securities: Docusign reported non-GAAP earnings of $1.01 per share. It beat the consensus of 95 cents per share. The company’s revenue of $837 million and non-GAAP operating margin of 29.5% came in better than consensus estimates of $827 million and 28.5%, respectively.
Management guided to non-GAAP operating margins of 29.0%-29.5% on revenue of $822-$826 million for the first quarter …