DocuSign Inc (DOCU) Stock Forecast & Predictions

DocuSign Inc DOCU: $221.78

221 Main St Ste 1550, San Francisco, California, US. | Sector: Information | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web: https://www.docusign.com

  • Market Cap$42.68B
  • Change (52 Weeks)115.50%
  • Low (52 Weeks)$100.12
  • DocuSign Inc (DOCU) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 12.50% are on Buy, 37.50% on Sell, and 50.00% Neutral.

    According to the market data, DocuSign Inc (DOCU) stock price is $221.78 and the 52 weeks low is $100.12, which means the DocuSign Inc stock price is up 115.50% in the last 12 months.

    DocuSign Inc (DOCU) Stock Price has been Trending Strongly with an ADX reading of 28.39 as per the Weekly Chart.

    A Upward trend indicates that DocuSign Inc (DOCU) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 12.50% are indicating that DOCU Stock price might rise further, 37.50% indicating that DOCU Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall DOCU stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    DocuSign Inc (DOCU) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for DocuSign Inc (DOCU) is based on 22 Institutional Analyst Ratings where 50.00% are on Strong Buy, 36.36% on Moderate Buy, 13.64% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 22 Institutional Analysts, majority recommended DOCU stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of DocuSign Inc.

    DocuSign Inc (DOCU) Stock Price Prediction By Analysts


    HighLowAverage
    $315.00$212.10$279.54
    $279.5426.04% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for DOCU set by the institutional analysts is $279.54 where High Estimate is $315.00, Median $281.52 and Low $212.10.

    The average price target for DOCU by Institutional Analysts is $279.54, which is 26.04% Upside from the current price. So according to the Institutional Analysts, DOCU Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    DocuSign Inc (DOCU) Stock Forecast Based on News Sentiment


    Bullish
    Based on 6 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about DOCU, it shows that DocuSign Inc had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that DOCU stock price may surge in the next few weeks.

    DocuSign Inc (DOCU) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    B of A SecuritiesBuyReiterated
    Daiwa CapitalBuyInitiated
    Wells FargoEqual-WeightMaintained
    Morgan StanleyOverweightMaintained
    Evercore ISI GroupOutperformUpgraded
    WedbushOutperformMaintained
    Piper SandlerOverweightUpgraded
    JP MorganNeutralDowngraded
    RBC CapitalOutperformMaintained
    NeedhamBuyMaintained
    JMP SecuritiesMarket OutperformMaintained
    Deutsche BankHoldMaintained
    CitigroupBuyMaintained
    NeedhamBuyInitiated
    BairdOutperformInitiated
    UBSBuyInitiated
    Morgan StanleyOverweightUpgraded
    WedbushOutperformMaintained
    RBC CapitalOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    JMP SecuritiesMarket OutperformMaintained
    Deutsche BankHoldDowngraded
    OppenheimerOutperformMaintained
    Deutsche BankBuyMaintained
    RBC CapitalOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    OppenheimerOutperformInitiated
    Wells FargoEqual-WeightInitiated
    Morgan StanleyEqual-WeightMaintained
    WedbushOutperformMaintained
    Piper SandlerNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    WedbushOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    RBC CapitalOutperformMaintained
    CitigroupBuyMaintained
    WedbushOutperformMaintained
    Goldman SachsNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankBuyMaintained
    Morgan StanleyEqual-WeightDowngraded
    WedbushOutperformMaintained
    Deutsche BankBuyMaintained
    Bank of AmericaNeutralMaintained
    RBC CapitalOutperformMaintained
    JMP SecuritiesMarket OutperformMaintained
    PiperJaffrayNeutralInitiated
    Evercore ISI GroupOutperformInitiated
    DA DavidsonBuyMaintained
    WedbushOutperformMaintained
    RBC CapitalOutperformMaintained
    WedbushOutperformUpgraded
    RBC CapitalOutperformInitiated
    Morgan StanleyOverweightMaintained
    JP MorganOverweightMaintained
    JMP SecuritiesMarket OutperformMaintained
    CitiBuyMaintained
    Bank of AmericaNeutralReiterated
    DA DavidsonBuyInitiated
    FBN SecuritiesOutperformInitiated
    WedbushNeutralMaintained
    Deutsche BankBuyUpgraded
    KeyBancOverweightInitiated
    Morgan StanleyOverweightUpgraded
    Goldman SachsNeutralInitiated
    Morgan StanleyEqual-WeightMaintained
    WedbushNeutralInitiated
    Morgan StanleyEqual-WeightMaintained
    JMP SecuritiesMarket OutperformMaintained
    Bank of AmericaNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    JMP SecuritiesMarket OutperformMaintained
    Deutsche BankHoldMaintained
    CitigroupBuyMaintained
    Bank of AmericaNeutralMaintained
    William BlairOutperformInitiated
    Morgan StanleyEqual-WeightInitiated
    JP MorganOverweightInitiated
    JMP SecuritiesMarket OutperformInitiated
    Deutsche BankHoldInitiated
    CitigroupBuyInitiated

    DocuSign Inc (DOCU) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.283
    The average consensus EPS for DOCU is $0.283 with a high estimate of $0.326 and Low of $0.225 for the period 2021-06-30 and based on 18 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.22$0.135662020-12-31


    The latest average Earning Per Share Estimate for DocuSign Inc is $0.28, which is higher than DOCU's last EPS, $0.22. This means that Analysts are expecting DocuSign Inc to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of DocuSign Inc.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.22$0.135662020-12-31
    $0.17$0.07908062020-09-30
    $0.12$0.105062020-06-30
    $0.12$0.05068382020-03-31
    $0.11$0.03170162019-12-31
    $0.01$0.0381684000000000052019-09-30
    $0.07$0.0460022019-06-30
    $0.06$0.0053042019-03-31
    $0$-0.0175950000000000032018-12-31
    $0.03$0.011732018-09-30
    $0.01$-0.067493400000000012018-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).