JMP Securities has decided to maintain its Market Outperform rating of DocuSign (NASDAQ:DOCU) and lower its price target from $180.00 to $151.00.
Shares of DocuSign are trading down 24.11% over the last 24 hours, at $66.30 per share.
A move to $151.00 would account for a 127.75% increase from the current share price.
DocuSign offers the Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its IPO in May 2018.
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