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Stock impact report

DocuSign (DOCU) Price Target Reaffirmed Following Strong Q3 Results [Yahoo! Finance]

DocuSign, Inc. (DOCU) 
Last docusign, inc. earnings: 3/12 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
e-signature sector, Citizens reaffirmed its Market Outperform rating and $124 price target on the company on December 5. Source: Pixabay The adjustment comes after DocuSign's Q3 financial statements, where the company exceeded expectations of $0.91 with earnings per share of $1.01. Revenue for the quarter came in at $818 million, slightly higher than the expected $807.1 million. The company also increased the midpoint of its billings outlook by $44 million. According to CEO Allan Thygesen, “growing customer investment into the IAM platform” and “continued strong execution and improved efficiency” helped the company achieve one of its best profits and growth quarters in the previous two years. Citizens also emphasized DocuSign's solid 1.7 million consumer base and its capacity to serve a significant $50 billion total addressable market, which is split evenly among e-signature and contract lifecycle management solutions. The firm highlighted Docusign's Identity and Access Mana Show less Read more
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