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DOCU — Docusign News Story

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PREVIEW: Docusign rises ahead of qtrly results, due after the bell

BUZZ-PREVIEW: Docusign rises ahead of qtrly results, due after the bell

** Docusign DOCU.O shares rising ~0.7% on Thurs, with the co seen reporting higher rev and EPS in its qtrly results, due after the bell

** Investors may be focused on rev growth and the co's annual forecast

** The e-signature software provider is expected to post an 8% rise in Q2 rev to $867.4 mln from $800.64 mln ; adj EPS seen rising to $1.09 from $0.92 a yr ago, per LSEG

** Stock has slipped nearly 4% YTD, underperforming the Nasdaq's .IXIC more than 14% rise

** This week, BTIG raised its target price on DOCU to $75 from $60

** Median 12-mo PT of 23 analysts is $55; the stock was last at $65.88

** Analyst recommendations on the stock include five "strong buy" or "buy" ratings, 17 "hold" ratings and one "sell" rating, according to LSEG


(Reporting by Caroline Valetkevitch )

((caroline.valetkevitch@thomsonreuters.com))

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