DocuSign shares jump after upbeat forecast

Docusign

04/09/2026 19:50

** Shares of DocuSign DOCU.O are up 4.2% and hit their highest level since Jan on Fri after the co raised its full-yr rev forecast and posted better-than-expected Q2 results
** Several brokerages including Wells Fargo raised their PTs on DOCU following the report, which was released late Thurs
**  The median 12-mo PT on the stock is at $70; the stock was last at $68.76
** The e-signature firm is benefitting from growing adoption of its AI-powered contract management tools
** It has been trying to regain momentum after a period of slowing growth following the pandemic-era boom
** The co expects full-yr rev between $3.499 bln and $3.507 bln
** For Q2, the co's rev grew to $875.7 mln, beating analysts' avg estimate of $867.4 mln, according to LSEG data
** On an adj basis, the co posted EPS for the qtr of $1.16, vs consensus estimate of $1.09
** DOCU shares down about 0.7% YTD, underperforming the Nasdaq Composite Index's .IXIC roughly 14% gain.

(Reporting by Caroline Valetkevitch )
((caroline.valetkevitch@thomsonreuters.com))