Reported about 10 hours ago
Wells Fargo analyst Michael Turrin has upgraded DocuSign's stock to 'Equal Weight' from 'Underweight' and raised the price target to $80 from $67. The upgrade follows the company’s lackluster Q1 results, but Wells Fargo believes that macro concerns will ease in the second half of the year, potentially leading to a rebound in performance. DocuSign expects revenue between $777 million and $781 million for the upcoming quarter.
Source: YAHOO