DocuSign Reports Upbeat Q4 Results, Analysts Still Call lt A 'Wait-And-See' Story

Shares of DocuSign Inc (NASDAQ:DOCU) were climbing in early trading on Friday, after the company reported upbeat fiscal fourth-quarter results.

Here are some key analyst takeaways.

RBC Capital Markets analyst Rishi Jaluria maintained a Sector Perform rating and price target of $90.

JMP Securities analyst Patrick Walravens reiterated a Market Outperform rating and price target of $124.

Piper Sandler analyst Rob Owens reaffirmed a Neutral rating and price target of $90.

Wedbush analyst Daniel Ives maintained a Neutral rating and price target of $100.

Needham analyst Scott Berg reaffirmed a Hold rating on the stock.

Check out other analyst stock ratings.

RBC Capital Markets: DocuSign's revenues grew by 9% year-on-year to $776.3 million, beating consensus of $761.2 million, while non-GAAP earnings came in at 86 cents per share, higher than expectations of 85 cents per share, Jaluria said in a note. The company delivered a "solid" performance, with customer usage continuing to grow, he added.

"Revenue beat consensus roughly above recent trends, as growth accelerated 1-point to 9% YoY," the analyst wrote. ...