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Fly News Breaks for March 11, 2019
DOCU
Mar 11, 2019 | 06:03 EDT
Piper Jaffray analyst Alex Zukin raised his price target for DocuSign to $61 from $50 ahead of the company's Q4 results on March 14. The analyst's channel checks suggest the company had a "strong" end to the year, driven by a combination of "solid" execution, ongoing success expanding within its enterprise customer base, and a strong overall spending environment. He expects a beat in Q4 and above-consensus fiscal 2020 guidance. Zukin reiterates an Overweight rating on DocuSign shares.
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