William Blair Upgrades DocuSign to Outperform, See…
From Financial Modeling Prep: 2025-03-17 12:25:00
DocuSign (NASDAQ:DOCU) was upgraded to Outperform by William Blair due to optimism surrounding its Intelligent Agreement Management (IAM) platform. IAM is seen as a game-changer, with early traction showing promise. DocuSign expects IAM to contribute a low-double-digit percentage of its subscription revenue by fiscal 2026.
William Blair praised DocuSign’s new management team for strategic investments in PLG, AI, enterprise solutions, and agreement cloud offerings. Improved retention rates in the e-signature business add to the company’s stability. DocuSign currently trades at 16.9x William Blair’s calendar 2026 free cash flow estimate, presenting an attractive opportunity for investors.
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