DOCU - DocuSign Shares Down Despite Upbeat Q2 Print: What 4 Analysts Think | Benzinga
Shares of DocuSign Inc (NASDAQ: DOCU) tanked in early trading on Friday, even after the company reported upbeat fiscal second-quarter earnings.
The results came amid an exciting earnings season. Here are some key analyst takeaways from DocuSign’s earnings release.
RBC Capital Markets On DocuSign: Analyst Rishi Jaluria maintained a Sector Perform rating and price target of $59.
DocuSign’s quarterly results were "mixed,” with a healthy billings outperformance but soft guidance, Jaluria said in a note.
"Macro pressures remain challenging as NRR (net recurring revenues) suffered a 3-point contraction, and the $300K+ customer cohort experienced its second-ever sequential decline,” the analyst wrote.
"Margin trends were solid (but upside was more subdued), and guidance assumes ramping 2H investments,” he added.
Wedbush On DocuSign: Analyst Daniel Ives reiterated a Neutral rating and price target of $67.
DocuSign delivered "another quarter of significant ...