Research Alert: CFRA Maintains Hold Opinion On Shares Of Docusign, Inc.

, MT Newswires -  1:35 PM ET 3/21/2025 Investing Ideas

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01:35 PM EDT, 03/21/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target price at $115, applying an EV/sales multiple of 7.1x our FY 26 estimate, in line with its three-year historical average multiple at 7.1x, reflecting DOCU's dominant market share position, its recent strong results, and the encouraging adoption of its new IAM solutions. We trim our FY 26 (Jan.) EPS estimate by $0.20 to $3.50 and set FY 27's at $3.90. DOCU plans to enhance customer value by focusing on AI-led products, while also increasing enterprise engagement by promoting department-level use case adoption and by optimizing sales and marketing efforts. DOCU's IAM is the fastest growing new product in the company's history, with some customers reporting that it has cut the contracting cycle by 75%.

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