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Benzinga

Business

Priya Nigam

Why This Analyst Is Bullish On Tech, But Bearish On DocuSign

DocuSign DOCU Docusign Inc Nasdaq Wedbush Daniel Ives Pandemic

DocuSign Inc (NASDAQ:DOCU) is among the “have nots” in the tech sector and may continue to see its multiplies compress “as results soften off pandemic highs,” according to Wedbush.

The DocuSign Analyst: Daniel Ives downgraded the rating for DocuSign from Neutral to Underperform, while reducing the price target from $80 to $60.

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