Latest news with #electronicSignature
Yahoo
24-06-2025
- Business
- Yahoo
DocuSign Misses Billings Targets, RBC Maintains Price Target Despite Weak Outlook
DocuSign Inc. (NASDAQ:DOCU) is one of billionaire Stan Druckenmiller's top stock picks with huge upside potential. RBC Capital analysts maintained their price target at $90 for DocuSign Inc. (NASDAQ:DOCU) alongside a Sector Perform rating on June 6. The update followed the company's recent quarterly report, which revealed mixed results. Stocks DocuSign Inc. (NASDAQ:DOCU)reported weaker-than-expected billings growth, which contributed to the company's price falling by 17% during after-hours trading. The company reported that despite its net revenue retention (NRR) staying steady at 101%, its billings growth was just 4% greater year-over-year, falling short of both guidance and the consensus. The company also updated its fiscal year 2026 billings projection, reducing it by $15 million below the midpoint consensus. In addition, the second quarter billings guidance fell short of expectations. That said, improved gross retention along with increased IAM upsells might lead to increases in dollar net retention over the year, according to management. DocuSign Inc. (NASDAQ:DOCU) is a global provider of electronic signature solutions. It delivers document generation, contract lifecycle management (CLM), and an AI-powered Intelligent Agreement Management (IAM) platform. While we acknowledge the potential of DOCU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
07-06-2025
- Business
- Yahoo
Why DocuSign, Inc. (DOCU) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where DocuSign, Inc. (NASDAQ:DOCU) stands against other Friday's worst-performing stocks. DocuSign dropped its share prices by 18.97 percent on Friday to end at $75.28 apiece after slashing its full-year billing outlook amidst its shift to an artificial intelligence model. For the full year period, DocuSign, Inc. (NASDAQ:DOCU) now expects billings to settle in the range of $3.285 billion to $3.339 billion, down from its previous outlook of $3.30 billion to $3.354 billion. A software engineer in front of a computer screen, typing code to build the company's electronic signature software. According to DocuSign, Inc. (NASDAQ:DOCU) CEO Allan Thygesen, the decline in billings this year was expected due to 'foundational go-to-market changes' following the adoption of Intelligent Agreement Management, an AI-driven agreement platform. However, Thygesen said that 'the impact happened sooner than anticipated,' causing the drop in early renewals during the first quarter period, and negatively impacting billings growth. In the first quarter of the year, DocuSign, Inc. (NASDAQ:DOCU) achieved a 118-percent jump in net income to $72 million from $33 million in the same period last year. Revenues increased by 7.6 percent to $763 million from $709 million year-on-year. Overall, DOCU ranks 2nd on our list of Friday's worst-performing stocks. While we acknowledge the potential of DOCU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
