Citigroup maintains Buy on DocuSign, raises PT to $115 from $110.

Citigroup maintains Buy on DocuSign, raises PT to $115 from $110.

Citigroup analyst Tyler Radke has maintained a Buy rating on DocuSign, Inc. (DOCU) and raised the price target from $110 to $115. This comes ahead of the company's earnings release scheduled for Thursday, September 4th. The latest forecast revision reflects a 5% increase in the price target, indicating optimism about the company's performance.

DocuSign is expected to report earnings at 85 cents per share for the second quarter, down from 97 cents per share in the year-ago period. Revenue projections stand at $780.59 million, compared to $736.03 million in the same period last year. Analysts' consensus points to a lower earnings figure, suggesting a potential decline in profitability.

The increase in the price target by Citigroup comes amidst a mixed bag of analyst ratings and price targets. Wedbush analyst Daniel Ives, for instance, has maintained a Neutral rating and cut the price target from $100 to $85. Meanwhile, Bank of America analyst Brad Sills has also reduced the price target from $88 to $85 while maintaining a Neutral rating.

DocuSign's stock has seen a 2.5% gain, closing at $75.90 on Wednesday, following the company's first-quarter earnings report, which exceeded analyst expectations. The company reported earnings of 90 cents per share and revenue of $763.7 million, both figures beating the Street estimates.

Institutional investors have shown significant interest in DocuSign, with Driehaus Capital Management LLC increasing its stake by 31% during the first quarter. The firm now owns 287,428 shares valued at approximately $23.4 million.

The company's share buyback plan, authorized at $1 billion, reflects management's belief that the stock is undervalued. This initiative could boost shareholder value and potentially improve the company's stock performance.

DocuSign's quarterly earnings and revenue guidance, along with the company's execution of its strategic initiatives, will be closely watched by investors and analysts alike. The upcoming earnings call will provide further insights into the company's financial health and future prospects.

References:

[1] https://www.benzinga.com/analyst-stock-ratings/price-target/25/09/47497745/docusign-likely-to-report-lower-q2-earnings-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call
[2] https://www.marketbeat.com/instant-alerts/filing-driehaus-capital-management-llc-buys-67972-shares-of-docusign-inc-docu-2025-08-30/