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Benzinga

Business

Priya Nigam

Why BofA Downgrades DocuSign Despite Healthy Q1 Print

DOCU DocuSign BofA Securities Docusign Inc Nasdaq Brad Sills

Although Docusign Inc (NASDAQ:DOCU) reported healthy first-quarter results, its full-year billings guidance was disappointing, reflecting “choppy execution” according to BofA Securities.

The DocuSign Analyst: Brad Sills downgraded the rating for DocuSign from Buy to Neutral, while reducing the price target from $120 to $72.

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