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Barchart
Wajeeh Khan

Citi Just Downgraded DocuSign. Should You Ditch DOCU Stock Here?

DOCU DocuSign Citi Tyler Radke

Investors are bailing on San Francisco-headquartered DocuSign (DOCU) on Friday after senior Citi analyst Tyler Radke turned bearish on the company.

As Radke downgraded DOCU to “Neutral” and trimmed his price target nearly in half, DocuSign's relative strength index (14-day) slipped into the mid-30s, indicating the bearish momentum may soon reach exhaustion.

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