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DocuSign up after William Blair rating upgrade

ReutersMar 18, 2025 4:45 PM
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Shares of virtual document signing platform DocuSign DOCU.O rise 1.4% to $84.57

Brokerage William Blair upgrades DOCU's rating to "outperform"

William Blair is bullish on the market opportunity ahead for DOCU's Intelligent Agreement Management platform (IAM) and ability of new product cycle to reaccelerate growth

Says DocuSign is starting to develop an even stickier customer base as it gains more traction with IAM - William Blair

Usage/utilization for the DOCU's core e-signature business is improving as it increases retention and majority of COVID-era contracts have now rolled off the model - brokerage

Five of 23 brokerages rate the stock "buy" or higher, 16 "hold" and two "sell"; their median PT is $97.30, according to data compiled by LSEG

Stock has fallen ~8% YTD, up to Monday's close

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