Wedbush analyst Daniel Ives maintained a Buy rating on DocuSign (NASDAQ:DOCU) on Friday, setting a price target of $300, which is approximately 33.20% above the present share price of $225.22.
Ives expects DocuSign to post earnings per share (EPS) of -$0.31 for the first quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in DocuSign, with an average price target of $286.17.
The analysts price targets range from a high of $300 to a low of $275.
In its latest earnings report, released on 10/31/2020, the company reported a quarterly revenue of $382.92 million and a net profit of -$48.47 million. The company's market cap is $43.07 billion.
According to TipRanks.com, Wedbush analyst Daniel Ives is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 34.1% and a 69.28% 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.