Morgan Stanley (NYSE:MS) analyst Stan Zlotsky maintained a Hold rating on DocuSign (NASDAQ:DOCU) Inc on Friday, setting a price target of $122, which is approximately 5.26% below the present share price of $128.77.
Zlotsky expects DocuSign Inc to post earnings per share (EPS) of -$0.26 for the second quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in DocuSign, with an average price target of $117.33.
The analysts price targets range from a high of $150 to a low of $77.
In its latest earnings report, released on 01/31/2020, the company reported a quarterly revenue of $274.9 million and a net profit of -$42.35 million. The company's market cap is $24.33 billion.
According to TipRanks.com, Morgan Stanley analyst Stan Zlotsky is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.5% and a 70.89% success rate.
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.