BTIG Initiates DocuSign (DOCU) Coverage with Buy Rating and $88 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Yahoo Finance
- Initiation of Buy Rating: On December 17, BTIG analyst Allan Verkhovski initiated coverage of DocuSign (NASDAQ:DOCU) with a Buy rating and an $88 price target, despite the stock being down 34% from its December high of $107, indicating a “great” buying opportunity in the current market.
- Strong Financial Performance: In Q3 2025, DocuSign reported an 8% year-over-year revenue growth reaching $818 million, with billings totaling $829 million and a non-GAAP operating margin of 31%, driven by steady customer spending on core products and the Intelligent Agreement Management platform (IAM).
- Expanded Buyback Program: The company’s free cash flow rose to $263 million in Q3, supporting a $215 million share repurchase, marking DocuSign's largest quarterly buyback to date, which reflects confidence in future growth prospects.
- Growing Customer Base: By the end of Q3, over 25,000 customers had adopted IAM, up from over 10,000 in April, with expectations that IAM will account for a low double-digit share of recurring revenue by year-end, showcasing the company's ongoing execution in AI innovation and market demand.
DOCU
$69.47+Infinity%1D
Analyst Views on DOCU
Wall Street analysts forecast DOCU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DOCU is 97.62 USD with a low forecast of 80.00 USD and a high forecast of 124.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
5 Buy
10 Hold
0 Sell
Moderate Buy
Current: 69.970
Low
80.00
Averages
97.62
High
124.00
Current: 69.970
Low
80.00
Averages
97.62
High
124.00
About DOCU
DocuSign, Inc. provides intelligent agreement management (IAM) platform an eSignature solution, and contract lifecycle management (CLM) solution - allow organizations to increase productivity, accelerate contract review cycles, and transform agreement data into insights and actions. The Company’s IAM platform automates agreement workflows, uncovers actionable insights, and leverages artificial intelligence (AI) capabilities, enabling organizations to create, commit, and manage agreements virtually. Its products include eSignature, CLM, IAM Apps, and Add-on Products. Its Add-on Products include Payments to collect payments along with signed agreements; Identity and standards-based signature for enhanced signer-identification and signatures with digital certification; Notary for remote online notarization; Monitor for advanced analytics; Gen for Salesforce for automated agreement generation within Salesforce, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
