Citi Cuts Docusign to Neutral With a $50 Target: Has the E-Signature Pioneer Lost Its Edge?
Citi has cut Docusign (NASDAQ:DOCU) shares to Neutral from Buy, setting a $50 price target that sits just above where the stock is currently trading. With Docusign stock down 36% year-to-date, the downgrade raises a fair question: has the e-signature pioneer lost its edge? The timing is pointed. Docusign stock trades at $44, meaning Citi’s ... Citi Cuts Docusign to Neutral With a $50 Target: Has the E-Signature Pioneer Lost Its Edge?
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