(Updated to include Wedbush's commentary)
Wedbush lowered DocuSign's (DOCU) price target to $60 from $75, saying "company needs to show more consistency".
The firm expects "IAM to represent ~18% of total ARR at the end of FY4Q27 resulting in Over $600.0 million in ARR", analysts led by Dan Ives wrote in a Wednesday note.
However, despite healthy guidance, analysts at the brokerage still want to see a more consistent growth and execution trajectory 'in the face of a rocky software landscape'.
DocuSign has an average rating of overweight and mean price target of $67.56, according to analysts polled by FactSet.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 48.83, Change: +1.29, Percent Change: +2.70
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